Form 4: First Community Corp Director Layden Receives Restricted Stock Award

Director Mickey Layden acquired 840 shares of First Community Corp common stock through a restricted stock award that will vest on January 1, 2026.

Summary

• On February 18, 2025, Mickey Layden, a director of First Community Corp, acquired 840 shares of common stock.
• The acquisition was a grant of restricted stock awarded via the First Community Corporation 2021 Omnibus Equity Incentive Plan.
• The restricted stock will vest on January 1, 2026.
• Following the transaction, Layden directly owns 8,236 shares of First Community Corp common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The grant of restricted stock is a common practice and suggests confidence in the company's future performance.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders, incentivizing long-term value creation.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This type of equity grant is a common practice in the financial services industry to attract, retain, and incentivize key personnel.

Stakeholder Impact

• The grant of restricted stock aligns the director's interests with those of the shareholders.

Key Dates

Keywords

restricted stock, director, Form 4, beneficial ownership, FCCO, First Community Corp, equity incentive plan