Form 4: FCCO Director Defers Compensation, Boosts Stake

First Community Corp Director Thomas Carlton Brown acquired 213 deferred stock units as part of a compensation deferral plan, increasing his beneficial ownership to 40,533 shares.

Summary

• Thomas Carlton Brown, a Director at First Community Corp /SC/ (FCCO), acquired 213 deferred stock units.
• The transaction occurred on September 30, 2025, at a price of $28.16 per unit.
• This acquisition was part of the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan").
• The 213 units were credited based on compensation deferred by Mr. Brown during the third quarter of 2025.
• Following this transaction, Mr. Brown beneficially owns 40,533 shares of common stock.
• The total beneficial ownership includes 8,589 deferred stock units under the Plan, 50 of which were credited as dividend equivalents during the third quarter of 2025.
• Deferred stock units under the Plan receive dividend equivalents in the form of additional deferred stock units.
• Shares of First Community Corporation common stock will be issued on a one-for-one basis in respect of deferred stock units upon distribution from the Plan.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as a director increasing their stake, even through deferred compensation, generally signals confidence in the company's future and aligns management interests with shareholders.

Positives

• Director Thomas Carlton Brown increased his beneficial ownership in First Community Corp, signaling continued alignment with shareholder interests.
• The acquisition of deferred stock units demonstrates the director's commitment to the company's long-term performance through participation in the compensation plan.

Negatives

• The acquisition was through deferred compensation rather than an open market cash purchase, which typically signals a stronger conviction.

Future Outlook

The filing indicates that 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, suggesting a future conversion of these units into common stock.

Industry Context

This transaction is a routine insider filing, common in the financial services industry, where non-employee directors often receive compensation in the form of deferred stock units to align their interests with shareholders and promote long-term value creation.

Stakeholder Impact

• Shareholders: Increased alignment of a director's interests with shareholders due to increased beneficial ownership, potentially fostering better long-term decision-making.
• Employees: No direct impact mentioned in this filing.
• Customers: No direct impact mentioned in this filing.
• Suppliers: No direct impact mentioned in this filing.
• Creditors: No direct impact mentioned in this filing.

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

Recommendation

This Form 4 filing details a routine deferred compensation transaction by a director, which, while positive for alignment, does not present new fundamental information or a significant change in the company's outlook to warrant a change from a 'hold' recommendation. It's an expected event under an existing compensation plan.

Keywords

First Community Corp, FCCO, Thomas Carlton Brown, Director, Insider Transaction, Form 4, Deferred Compensation, Stock Units, Beneficial Ownership, Corporate Governance