Form 4: Director Defers Compensation in Stock Units

Director Leland E. Reynolds acquired 211 deferred stock units in First Community Corp. under a compensation deferral plan.

Summary

• Director Leland E. Reynolds acquired 211 deferred stock units in First Community Corp. (FCCO) on June 30, 2026.
• This acquisition is part of a compensation deferral plan where the value of the units was based on the stock's closing bid price of $32.67 on that date.
• Following this transaction, Reynolds beneficially owns 32,807 securities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine compensation deferral by a director rather than a significant new investment or divestment.

Positives

• Director's continued investment and deferral of compensation into company stock units signals confidence in the company's future.
• The acquisition of 211 deferred stock units at $32.67 per unit indicates a specific valuation point for the company's stock.

Future Outlook

Deferred stock units under the plan will result in the issuance of First Community Corporation common stock on a one-for-one basis upon distribution from the plan.

Industry Context

StockSavvy.ai notes that insider transactions, such as this deferral of compensation into stock units by a director, are common in the financial services sector as a way to align executive and director interests with shareholders and manage personal tax liabilities.

Related Party Transactions

• Director Leland E. Reynolds 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.

Stakeholder Impact

• Shareholders: The transaction reflects a director's continued commitment to the company through deferred compensation, which can be viewed positively.
• Employees: The deferred compensation plan structure may influence employee compensation strategies and retention efforts.

Next Steps

• 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.

Key Dates

Keywords

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