CHAO CHIMIN J 4
4 · FIRST COMMUNITY CORP /SC/ · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
First Community (FCCO) Director Chao Chimin Receives Award
What Happened Chao Chimin, a director of First Community Corporation, was credited with 1,347 deferred stock units (transaction code A) on March 31, 2026. The units were calculated using the consolidated closing bid price of $29.17, giving a reported value of $39,292. This was a compensation deferral award, not an open-market purchase.
Key Details
- Transaction date and price: March 31, 2026; price used $29.17 per share.
- Amount credited: 1,347 deferred stock units; reported value $39,292.
- Holdings after transaction: 53,158 deferred stock units under the director deferred compensation plan (includes 280 DSUs credited as dividend equivalents in Q1 2026).
- Footnotes: F1 explains the DSUs were credited based on compensation deferred in Q1 2026 at the $29.17 closing price; F2 notes DSUs earn dividend equivalents as additional DSUs and convert one-for-one to shares upon distribution.
- Filing: Form 4 filed April 2, 2026 (appears timely).
Context Deferred stock units are bookkeeping units under the non-employee director deferred compensation plan that will be converted to common shares upon distribution and accrue dividend equivalents as additional DSUs. This transaction reflects a compensation deferral election by the director rather than a market buy or sell, so it should be interpreted as a pay-structure event rather than a direct trading signal.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-31$29.17/sh+1,347$39,292→ 62,372 total
- 42,983(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]The reporting person has elected to defer compensation in the form of deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"). Pursuant to the terms of the Plan, the reporting person was credited with 1,347 deferred stock units, based on the amount of compensation deferred by the reporting person under the Plan during the first quarter of 2026 divided by the First Community Corporation common stock consolidated closing bid price of $29.17 on March 31, 2026.
- [F2]Includes 53,158 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 280 deferred stock units credited pursuant to the terms of the Plan as dividend equivalents during the first quarter of 2026. Deferred stock units under the Plan receive dividend equivalents in the form of additional deferred stock units, and shares of First Community Corporation common stock will be issued on a one-for-one basis in respect of deferred stock units upon a distribution from the Plan.