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

Director Thomas Carlton Brown acquired 690 shares of First Community Corp common stock through a deferred compensation plan.

Summary

• On March 31, 2025, Thomas Carlton Brown, a director of First Community Corp, acquired 690 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 $22.46.
• Following the transaction, Brown directly owns 40,055 shares of First Community Corp.
• This total includes 8,111 deferred stock units under the compensation plan, including 41 dividend equivalent units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. A director increasing their stake in the company is generally viewed favorably, indicating confidence. However, it's a routine transaction through a compensation plan.

Positives

• The director's participation in the deferred compensation plan demonstrates confidence in the company's future.

Industry Context

Directors using deferred compensation plans is a common practice in the financial industry, aligning their interests with long-term shareholder value.

Comparison to Industry Standards

• Deferred compensation plans for directors are a standard practice in publicly traded companies, particularly in the financial sector.
• Many regional banks offer similar plans to attract and retain qualified board members.
• The specifics of these plans, such as the vesting schedules and the form of compensation (stock units vs. cash), can vary widely.

Stakeholder Impact

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

Key Dates

Keywords

director, FCCO, First Community Corp, Form 4, beneficial ownership, deferred compensation, stock acquisition