Form 4: First Community Corp Director Boosts Stake Through Deferred Compensation Plan

First Community Corp Director Chimin J. Chao acquired 228 shares of common stock through a deferred compensation plan, increasing beneficial ownership to 58,821 direct shares and 42,983 indirect shares.

Summary

• Director Chimin J. Chao acquired 228 shares of First Community Corporation common stock on June 30, 2025.
• The acquisition was made at a price of $24.32 per share.
• This transaction resulted from deferred compensation in the form of deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan.
• Following this transaction, Chimin J. Chao directly beneficially owns 58,821 shares and indirectly owns 42,983 shares through the Yuhjen Jane Caho Family Trust.
• The direct beneficial ownership includes 50,340 deferred stock units, with an additional 310 units credited as dividend equivalents during the second quarter of 2025.
• Deferred stock units under the Plan receive dividend equivalents in the form of additional deferred stock units and will be issued as common stock on a one-for-one basis upon distribution from the Plan.

Sentiment

Score: 7

Explanation: The acquisition of additional shares by a director, even through a deferred compensation plan, generally signals confidence in the company's future and aligns management interests with shareholders.

Positives

• Director Chimin J. Chao increased direct beneficial ownership of First Community Corporation common stock by 228 shares.
• The acquisition of shares through a deferred compensation plan indicates continued alignment of director interests with shareholder value.
• The inclusion of dividend equivalents for deferred stock units provides additional value to the director's holdings.

Future Outlook

NA

Management Comments

• The reporting person elected to defer compensation in the form of deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan.
• The reporting person was credited with 228 deferred stock units based on the deferred compensation amount and the common stock price on June 30, 2025.
• Deferred stock units under the Plan receive dividend equivalents as additional deferred stock units, and shares of common stock will be issued on a one-for-one basis upon distribution from the Plan.

Industry Context

NA

Related Party Transactions

• Director Chimin J. Chao received 228 deferred stock units as compensation under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: The increase in director stock ownership through a deferred compensation plan enhances alignment between the director's financial interests and long-term shareholder value.

Key Dates

Recommendation

Keywords

FCCO, First Community Corp, Director, Stock Acquisition, Deferred Compensation, Insider Transaction, Form 4, Beneficial Ownership