Form 4: FCCO EVP Robin Brown Reports RSU Vesting, Share Acquisition

First Community Corp EVP Robin D. Brown reported the vesting of performance-based restricted stock units, resulting in the acquisition of 3,784 common shares and the withholding of 1,661 shares for taxes.

Summary

• EVP Robin D. Brown acquired 3,784 shares of First Community Corp (FCCO) common stock on February 24, 2026, through the vesting of performance-based restricted stock units.
• These restricted stock units were granted on February 21, 2023, under the First Community Corporation 2021 Omnibus Equity Incentive Plan and vested upon achieving performance goals.
• Concurrently, 1,661 shares of common stock were withheld for taxes at a price of $29.43 per share, upon the settlement of the vested restricted stock units.
• Following these transactions, Robin D. Brown directly beneficially owns 24,712 shares of common stock.
• Additionally, Robin D. Brown acquired 1,353 new restricted stock units on February 24, 2026, which cliff vest on February 24, 2029.
• Total derivative restricted stock units beneficially owned now stand at 4,905, with various vesting dates: 2,062 units on February 20, 2027; 1,490 units on February 18, 2028; and 1,353 units on February 24, 2029.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive event for the reporting person, reflecting successful achievement of performance goals and continued equity participation, which is neutral for the company's operational performance.

Positives

• Robin D. Brown acquired 3,784 shares of common stock through the vesting of performance-based restricted stock units, indicating achievement of performance goals.
• The acquisition of 1,353 new restricted stock units further aligns management's interests with long-term shareholder value.

Negatives

• 1,661 shares were withheld for taxes at a price of $29.43 per share, reducing the net shares received by the reporting person.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures for insider transactions and do not typically provide broader industry context. This filing reflects standard executive compensation practices within the banking sector, where equity awards are common for aligning management incentives with company performance.

Stakeholder Impact

• Shareholders: Minor dilution from the issuance of shares upon RSU vesting, offset by the alignment of executive incentives with company performance.
• Employees: Reflects the company's ongoing equity incentive plan for executives.

Next Steps

• Delivery of 2,062 restricted stock units upon cliff vesting on February 20, 2027.
• Delivery of 1,490 restricted stock units upon cliff vesting on February 18, 2028.
• Delivery of 1,353 restricted stock units upon cliff vesting on February 24, 2029.

Key Dates

Keywords

FCCO, First Community Corp, Robin D. Brown, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Equity Incentive Plan, Common Stock, Executive Compensation