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

First Community Corporation Director E. Leland Reynolds acquired 226 deferred stock units as part of a compensation deferral plan, increasing total beneficial ownership to 29,965 shares.

Summary

• Director E. Leland Reynolds acquired 226 deferred stock units in First Community Corporation (FCCO).
• The acquisition was made pursuant to the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan.
• The deferred stock units were credited based on compensation deferred by the reporting person during the second quarter of 2025.
• The value of each deferred stock unit was based on the common stock consolidated closing bid price of $24.32 on June 30, 2025.
• Following this transaction, E. Leland Reynolds' total beneficial ownership stands at 29,965 shares.
• The total beneficial ownership includes 942 deferred stock units under the Plan, which incorporates 4 deferred stock 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 common stock will be issued on a one-for-one basis upon distribution from the Plan.

Sentiment

Score: 7

Explanation: The acquisition of deferred stock units by a director, even as part of a compensation deferral plan, generally indicates continued confidence in the company's future and aligns the director's interests with shareholders.

Positives

• Director E. Leland Reynolds increased beneficial ownership in First Community Corporation by acquiring 226 deferred stock units, demonstrating continued alignment with shareholder interests.
• The use of a deferred compensation plan that converts compensation into equity can be viewed as a positive sign of management's confidence in the company's long-term performance.

Negatives

• NA

Risks

• NA

Future Outlook

The document does not provide forward-looking statements or guidance beyond the mechanism for deferred stock units to convert to common stock upon distribution from the Plan.

Management Comments

• NA

Industry Context

This Form 4 details an individual insider transaction, which does not directly provide broader industry context or trends. It reflects an internal compensation arrangement for a director within the financial services sector.

Comparison to Industry Standards

• NA

Management Changes

Corporate Governance

Legal Proceedings

• NA

Related Party Transactions

• The transaction involves a director deferring compensation into company stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: The transaction increases the director's beneficial ownership, aligning their interests more closely with shareholders.

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 Corporation, FCCO, SEC Form 4, Insider Transaction, Director Compensation, Deferred Stock Units, Beneficial Ownership, E. Leland Reynolds