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

Director Chao Chimin J acquired 282 shares of First Community Corp through a deferred compensation plan on September 30, 2024.

Summary

• On September 30, 2024, Chao Chimin J, a director of First Community Corp, acquired 282 shares of common stock through the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan.
• The acquisition price was $21.41 per share.
• Following the transaction, Chao Chimin J beneficially owns 89,727 shares, including 47,988 deferred stock units.
• These deferred stock units include 345 units credited as dividend equivalents during the third quarter of 2024.
• Shares of First Community Corporation common stock will be issued on a one-for-one basis in respect of deferred stock units upon a distribution from the Plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transaction reflects a director's ongoing investment in the company through a standard deferred compensation plan.

Positives

• The director's participation in the deferred compensation plan demonstrates a commitment to the company's long-term success.
• The acquisition increases the director's stake in the company, aligning their interests with those of other shareholders.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the trading activities of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine insider transaction.
• It may signal confidence from the director in the company's future performance.

Key Dates