Form 4: Alexander Snipe Jr. Acquires Restricted Stock in First Community Corporation

Director Alexander Snipe Jr. received 840 shares of restricted stock in First Community Corporation, vesting on January 1, 2026.

Summary

• On February 18, 2025, Alexander Snipe Jr., a director of First Community Corporation, acquired 840 shares of common stock.
• The acquisition was a grant of restricted stock awarded via the First Community Corporation 2021 Omnibus Equity Incentive Plan.
• These shares will vest on January 1, 2026.
• The reporting person also indirectly owns 3,927 shares through Glory Communications, Inc.
• Following the transaction, Snipe directly owns 51,906 shares of common stock, which includes 43,588 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The grant of restricted stock is a common practice and suggests confidence in the company's future, but it's not a major event.

Positives

• The acquisition of restricted stock aligns the director's interests with the long-term performance of the company.
• The deferred stock units receive dividend equivalents, further incentivizing long-term holding.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting date of the restricted stock.

Industry Context

This filing is a routine disclosure of insider transactions, which is common in the financial industry to ensure transparency and prevent insider trading.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment as it aligns the director's interests with the company's performance.

Key Dates

Keywords

restricted stock, Form 4, director, beneficial ownership, FCCO, First Community Corporation, Snipe