Form 4: FCCO CFO Jordan Reports Stock Vesting, New RSU Grant

FIRST COMMUNITY CORP's EVP and CFO, Donald Shawn Jordan, reported the vesting of performance-based restricted stock units and the acquisition of new restricted stock units, alongside shares withheld for tax purposes.

Summary

• Donald Shawn Jordan, EVP and CFO of FIRST COMMUNITY CORP, reported transactions on February 24, 2026.
• Acquired 4,074 shares of common stock at $0 price due to the vesting of performance-based restricted stock units granted on February 21, 2023, under the 2021 Omnibus Equity Incentive Plan, upon achievement of performance goals.
• Disposed of 1,968 shares of common stock at $29.43 per share, which were withheld for tax obligations related to the settlement of the vested restricted stock units.
• Acquired 1,435 new restricted stock units (RSUs) at $0 price, each representing a contingent right to receive one share of FCCO common stock.
• These newly acquired 1,435 RSUs are scheduled to cliff vest on February 24, 2029.
• Following these transactions, Jordan directly beneficially owns 10,905 shares of common stock and a total of 5,228 restricted stock units.
• The total 5,228 restricted stock units include 2,212 units vesting on February 20, 2027, 1,581 units vesting on February 18, 2028, and 1,435 units vesting on February 24, 2029.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the achievement of performance goals and continued executive alignment through new equity grants, despite the routine tax-related share disposition.

Positives

• Vesting of 4,074 performance-based restricted stock units indicates the achievement of performance goals.
• Acquisition of 1,435 new restricted stock units demonstrates continued long-term incentive alignment with the company.

Negatives

• 1,968 shares were disposed of at $29.43 to cover tax obligations, reducing the immediate net share gain from the vesting.

Future Outlook

The filing indicates future share deliveries to the reporting person upon the cliff vesting of various tranches of restricted stock units on February 20, 2027, February 18, 2028, and February 24, 2029.

Industry Context

StockSavvy.ai notes that executive compensation through performance-based restricted stock units and their subsequent vesting and tax-related share withholding is a standard practice in the financial services industry, aligning executive incentives with long-term company performance and shareholder value.

Next Steps

• Delivery of 2,212 vested shares to the reporting person on February 20, 2027.
• Delivery of 1,581 vested shares to the reporting person on February 18, 2028.
• Delivery of 1,435 vested shares to the reporting person on February 24, 2029.

Key Dates

Recommendation

This Form 4 reports routine executive compensation events, including the vesting of performance-based restricted stock units and the acquisition of new units, alongside standard tax-related share withholding. These transactions are expected and do not provide new information that would significantly alter the investment thesis for FIRST COMMUNITY CORP. Therefore, a 'hold' recommendation is appropriate as the filing does not present a catalyst for a change in investment strategy.

Keywords

FCCO, FIRST COMMUNITY CORP, Donald Shawn Jordan, Form 4, Insider Trading, Restricted Stock Units, Performance-Based Equity, Executive Compensation, Stock Vesting, Tax Withholding