Form 4: Director Acquires Deferred Stock Units

Director Chimin J. Chao acquired 244 deferred stock units in First Community Corp. under a deferred compensation plan.

Summary

• Chimin J. Chao, a Director at First Community Corp. (FCCO), acquired 244 deferred stock units on June 30, 2026.
• These units were acquired under the Amended and Restated Non-Employee Director Deferred Compensation Plan.
• The acquisition was based on deferred compensation divided by the stock's closing bid price of $32.67 on the transaction date.
• Following this transaction, the reporting person beneficially owns 62,904 shares, including 53,690 deferred stock units.
• Dividend equivalents are received as additional deferred stock units and will be issued as common stock on a one-for-one basis upon distribution from the plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine insider transaction related to director compensation rather than a significant strategic or financial event.

Positives

• Director acquisition of deferred stock units indicates continued confidence in the company's future.
• The deferred compensation plan allows directors to align their interests with shareholders.
• Dividend equivalents are reinvested, increasing the director's beneficial ownership over time.

Future Outlook

The filing does not contain specific forward-looking statements or guidance beyond the nature of the deferred stock units, which will convert to common stock upon distribution from the plan.

Industry Context

StockSavvy.ai notes that insider transactions, particularly the acquisition of equity or equity-linked awards by directors, are common in the financial services industry as a method to attract and retain executive talent and align their interests with shareholders.

Stakeholder Impact

• Shareholders: The acquisition of deferred stock units by a director, especially with reinvested dividends, can be seen as a positive signal of commitment, potentially increasing long-term alignment of interests.

Next Steps

• Deferred stock units will be issued as shares of First Community Corporation common stock upon a distribution from the Plan.

Key Dates

Keywords

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