CHAO CHIMIN J 4
Research Summary
AI-generated summary
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.