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

Director Chao Chimin J acquired 1,020 shares of First Community Corp through a deferred compensation plan, increasing direct holdings to 58,283 shares and indirect holdings to 42,983 shares.

Summary

• Chao Chimin J, a director of First Community Corp, reported a transaction on March 31, 2025.
• The transaction involved the acquisition of 1,020 shares of common stock through a deferred compensation plan.
• These shares were acquired at a price of $22.46 each.
• Following the transaction, Chao Chimin J directly owns 58,283 shares of common stock.
• Chao Chimin J also indirectly owns 42,983 shares through the Yuhjen Jane Chao Family Trust.
• The direct holdings include 49,802 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan, including 272 deferred stock units credited as dividend equivalents during the first quarter of 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to a deferred compensation plan. There's no indication of significant positive or negative implications.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals insider confidence.

Key Dates

Keywords

Form 4, Director, Share Acquisition, Deferred Compensation, FCCO, First Community Corp, Chao Chimin J, Insider Trading