Form 4: Director Acquires Deferred Stock Units

Director Chimin J. Chao acquired 1,347 deferred stock units in First Community Corp. on March 31, 2026, valued at $29.17 per unit.

Summary

• Chimin J. Chao, a Director at First Community Corp. (FCCO), acquired 1,347 deferred stock units on March 31, 2026.
• These units were acquired under the company's Amended and Restated Non-Employee Director Deferred Compensation Plan.
• The acquisition price was based on the company's common stock closing bid price of $29.17 on the transaction date.
• Following this transaction, Mr. Chao beneficially owns 62,372 securities, with 42,983 held indirectly through the Yuhjen Chao Family Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine compensation transaction for a director rather than a significant strategic event or a change in beneficial ownership that would strongly indicate a shift in the company's outlook.

Positives

• Director participation in deferred compensation plans indicates alignment with long-term company performance.
• The acquisition of deferred stock units suggests confidence in the company's future value.

Future Outlook

Deferred stock units under the plan will be issued on a one-for-one basis in respect of common stock upon a distribution from the plan. Dividend equivalents are received in the form of additional deferred stock units.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those involving directors acquiring equity or equity-linked instruments, are closely watched by the market as potential indicators of management's confidence in the company's prospects. This Form 4 filing details a standard compensation practice for non-employee directors in the financial services sector.

Stakeholder Impact

• Shareholders: The transaction reflects a standard compensation practice and does not immediately suggest a change in the company's strategic direction or financial health, thus having a neutral short-term impact.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Deferred Stock Units, Director Compensation, First Community Corp, FCCO, Beneficial Ownership