Form 4: First Community Corp Director Acquires Shares Through Deferred Compensation Plan

Thomas Carlton Brown, a director of First Community Corp, acquired 116 shares of common stock through a deferred compensation plan on September 30, 2024.

Summary

• On September 30, 2024, Thomas Carlton Brown, a director of First Community Corp, acquired 116 shares of common stock.
• The acquisition was made through the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan.
• The price per share was $21.41.
• Following the transaction, Brown directly owns 36,988 shares of First Community Corp common stock, including 7,138 deferred stock units.
• The deferred stock units include 51 units credited as dividend equivalents during the third quarter of 2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through a standard compensation mechanism.

Positives

• The director's participation in the deferred compensation plan demonstrates a commitment to the company's long-term success.

Industry Context

Directors commonly use deferred compensation plans as part of their overall compensation strategy, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals confidence from a company director.

Key Dates