Form 4: First Community Corp Director Acquires Deferred Stock Units

Thomas Carlton Brown, a director at First Community Corp, acquired 168 deferred stock units through a deferred compensation plan on December 31, 2024.

Summary

• On December 31, 2024, Thomas Carlton Brown, a director of First Community Corp, acquired 168 deferred stock units.
• The acquisition was made under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan.
• The price per deferred stock unit was $23.84, based on the closing bid price of First Community Corp common stock on that date.
• Following the transaction, Brown directly owns 37,229 shares of common stock, which includes 7,379 deferred stock units under the plan.
• The deferred stock units include dividend equivalents and a correction of a previous error.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with the company's performance.

Positives

• The acquisition of deferred stock units aligns the director's interests with the company's performance.
• The deferred compensation plan allows directors to defer income and potentially benefit from future stock appreciation.
• The correction of a previous error in deferred stock units demonstrates attention to detail and accurate record-keeping.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders and their alignment with shareholder interests.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates