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

First Community Corp Director Thomas Carlton Brown has elected to defer compensation into 164 deferred stock units, increasing his beneficial ownership to 40,270 shares.

Summary

• Director Thomas Carlton Brown acquired 164 deferred stock units of First Community Corp common stock on June 30, 2025.
• The acquisition was part of the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan.
• The units were credited based on the deferred compensation amount divided by the common stock's consolidated closing bid price of $24.32 on June 30, 2025.
• Following this transaction, Mr. Brown beneficially owns 40,270 shares, which includes 8,326 deferred stock units.
• The 8,326 deferred stock units include 51 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 shares of First Community Corporation common stock will be issued on a one-for-one basis upon distribution from the Plan.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as an insider is increasing their stake, indicating confidence, even if it's through deferred compensation rather than an open market purchase. It's a routine filing with no negative implications.

Positives

• Director Thomas Carlton Brown increased his beneficial ownership in First Community Corp, aligning his interests with shareholders.
• The deferral of compensation into stock units demonstrates confidence in the company's future performance.

Future Outlook

The document does not provide specific forward-looking statements or guidance beyond the nature of the deferred compensation plan, which implies future conversion of units to shares.

Industry Context

This is a routine insider transaction report (Form 4) for a financial institution. Such filings are common across the banking and financial services industry as part of executive and director compensation plans, particularly those designed to align insider interests with long-term shareholder value.

Comparison to Industry Standards

• The deferral of director compensation into equity-based units is a common practice in corporate governance across various industries, including financial services.
• This aligns director incentives with shareholder returns.
• While specific comparable companies or projects are not detailed in this filing, similar deferred compensation plans are standard for non-employee directors at publicly traded banks and financial corporations of comparable size to First Community Corp.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholder value due to increased equity ownership.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• 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.

Key Dates

Keywords

First Community Corp, FCCO, Thomas Carlton Brown, Director, Deferred Compensation, Stock Units, Insider Transaction, Beneficial Ownership, SEC Form 4