Form 4: Director Defers Compensation into Stock Units

Director Leland E. Reynolds has deferred compensation into 912 First Community Corporation common stock units, valued at $29.17 each, as of March 31, 2026.

Summary

• Director Leland E. Reynolds has elected to defer compensation into 912 deferred stock units of First Community Corporation (FCCO).
• The value of these units is based on the company's common stock consolidated closing bid price of $29.17 on March 31, 2026.
• This transaction was made under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan.
• The reporting person's total beneficial ownership following this transaction is 32,583 securities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard compensation deferral by a director rather than a significant operational or financial event.

Positives

• Director's compensation deferral indicates confidence in the company's future value.
• The company has a plan in place for non-employee directors to defer compensation, aligning their interests with shareholders.
• Deferred stock units accrue dividend equivalents, increasing the potential future value for the director.

Negatives

• The filing does not contain any negative financial results or operational setbacks.

Risks

• The value of the deferred stock units is subject to the market price of First Community Corporation common stock, which can fluctuate.
• Potential for changes in the company's performance or market conditions could impact the value of the deferred compensation.

Future Outlook

The deferred stock units will be issued as shares of First Community Corporation common stock upon a distribution from the Plan. Dividend equivalents are credited as additional deferred stock units.

Management Comments

• The reporting person has 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.
• Deferred stock units under the Plan receive dividend equivalents in the form of additional deferred stock units, and 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.

Industry Context

StockSavvy.ai notes that the deferral of compensation by a director into company stock units is a common practice in the financial services industry, often used to align executive and director interests with those of shareholders and to provide long-term incentive alignment.

Corporate Governance

Related Party Transactions

• Director Leland E. Reynolds deferred compensation into 912 deferred stock units of First Community Corporation, valued at $29.17 per unit on March 31, 2026, under the company's deferred compensation plan.

Stakeholder Impact

• Shareholders: The deferral by a director may be viewed positively as it aligns director interests with long-term company performance.
• Employees: No direct impact mentioned.
• Creditors: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.

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, Director Compensation, Deferred Stock Units, First Community Corp, FCCO, Stock Ownership, Beneficial Ownership