FIRST COMMUNITY CORP /SC/·4

Jul 2, 6:32 PM ET

CHAO CHIMIN J 4

4 · FIRST COMMUNITY CORP /SC/ · Filed Jul 2, 2026

Research Summary

AI-generated summary of this filing

Updated

First Community (FCCO) Director Chao Chimin J Receives 244 Deferred Units

What Happened

  • Chao Chimin J, a director of First Community Corporation (FCCO), was credited with 244 deferred stock units on 2026-06-30. The units were valued at the consolidated closing bid price of $32.67, totaling about $7,971.
  • This was an award/credit under the company's Amended and Restated Non‑Employee Director Deferred Compensation Plan (a deferred compensation transaction), not an open‑market purchase or sale.

Key Details

  • Transaction date and price: 2026-06-30; 244 deferred stock units calculated using $32.67 closing bid price.
  • Total value of this credit: approximately $7,971.
  • Shares/units held after transaction: 53,690 deferred stock units under the Plan (this total includes 288 units credited as dividend equivalents during Q2 2026).
  • Footnotes: Units were credited as part of elected deferred compensation; deferred stock units accrue dividend equivalents (paid as additional units) and will be converted to one share of common stock per unit upon distribution from the Plan.
  • Filing: Form 4 filed with accession 0000932781-26-000040 on 2026-07-02 (no indication of a late filing in the report).

Context

  • Deferred stock units represent a future right to receive shares (one-for-one at distribution) rather than an immediate market purchase; they are common for director compensation and should not be read as a direct buy/sell market signal.
  • Dividend equivalents increase the deferred unit balance; distribution timing depends on the Plan's terms.

Insider Transaction Report

Form 4
Period: 2026-06-30
Transactions
  • Award

    Common Stock

    [F1][F2]
    2026-06-30$32.67/sh+244$7,97162,904 total
Holdings
  • Common Stock

    (indirect: By Trust)
    42,983
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 244 deferred stock units, based on the amount of compensation deferred by the reporting person under the Plan during the second quarter of 2026 divided by the First Community Corporation common stock consolidated closing bid price of $32.67 on June 30, 2026.
  • [F2]Includes 53,690 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 288 deferred stock units credited pursuant to the terms of the Plan as dividend equivalents during the second 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.
Signature
/s/ D. SHAWN JORDAN, AS ATTORNEY-IN-FACT|2026-07-02

Documents

1 file
  • 4
    primary_doc.xmlPrimary

    PRIMARY DOCUMENT