Form 4: Director Defers Compensation in Stock Units

Alexander Snipe Jr., a Director at First Community Corporation, has deferred compensation into 271 additional deferred stock units.

Summary

• Director Alexander Snipe Jr. has elected to defer compensation into 271 deferred stock units.
• These units were credited on June 30, 2026, based on a compensation deferral divided by the stock's closing bid price of $32.67.
• Following this transaction, Snipe Jr. beneficially owns 57,442 securities.
• This ownership includes 48,391 deferred stock units, which accrue dividend equivalents as additional units.
• Shares of common stock will be issued one-for-one for these deferred units upon distribution from the plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard compensation practice for a director and does not indicate significant new financial performance or strategic shifts.

Positives

• Director's continued investment in the company through deferred compensation.
• Accrual of dividend equivalents on deferred stock units, increasing potential future holdings.

Future Outlook

Deferred stock units will be issued as shares of First Community Corporation common stock on a one-for-one basis upon a distribution from the Plan.

Industry Context

StockSavvy.ai notes that the use of deferred stock units and dividend equivalents is a common practice for compensating non-employee directors in the financial services industry, aligning their interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The transaction reflects a standard director compensation practice, with no immediate dilution or significant impact on share count. The deferral aligns director interests with long-term stock performance.
• Employees: No direct impact on employees is indicated by this filing.
• Creditors: No impact on creditors is indicated by this filing.

Next Steps

• Shares of First Community Corporation common stock will be issued one-for-one in respect of deferred stock units upon a distribution from the Plan.

Key Dates

Keywords

Deferred Stock Units, Director Compensation, First Community Corporation, FCCO, SEC Form 4, Beneficial Ownership, Stock Options