REYNOLDS E. LELAND 4
Research Summary
AI-generated summary
First Community (FCCO) Director Reynolds Leland Receives Stock Award
What Happened
- Reynolds E. Leland, a director of First Community Corp (/SC/) (FCCO), was credited with 912 deferred stock units on March 31, 2026. The units were valued using the consolidated closing bid price of $29.17, for an economic value of approximately $26,603. This was not a cash purchase or open-market sale but an award/acquisition under the company's non-employee director deferred compensation plan.
Key Details
- Transaction date and price: March 31, 2026; price used $29.17 per share.
- Units credited: 912 deferred stock units (Transaction code: A — award/acquisition).
- Reported value: ~$26,603 (912 × $29.17).
- Shares/units held after transaction: 2,327 deferred stock units held under the Plan (this total includes the 912 units credited and 8 units credited as dividend equivalents in Q1 2026).
- Footnotes: Deferred stock units accrue dividend equivalents as additional deferred units; shares of common stock will be issued one-for-one upon distribution from the Plan.
- Filing: Form 4 filed April 2, 2026 (covering the March 31, 2026 transaction); no late filing flag indicated.
Context
- These deferred stock units reflect deferred director compensation (routine, non-market trading). They do not represent immediate common shares but will convert to shares upon distribution under the Plan. This is an award/accrual rather than a buy or sell signal.