Form 4: First Community Corp Director Snipe Acquires Deferred Stock Units

Director Alexander Snipe Jr. acquired 257 deferred stock units in First Community Corp through a deferred compensation plan.

Summary

• On September 30, 2024, Alexander Snipe Jr., a director of First Community Corp, acquired 257 deferred stock units at a price of $21.41 per unit.
• This acquisition was part of the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan.
• Snipe also indirectly owns 3,927 shares through Glory Communications, Inc.
• Following the transaction, Snipe directly owns 50,597 shares, including 43,119 deferred stock units under the compensation plan.
• The deferred stock units receive dividend equivalents in the form of additional deferred stock units and will be issued on a one-for-one basis upon distribution from the plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction related to a deferred compensation plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the holdings and activities of company directors. It is common for directors to receive stock-based compensation as part of their overall remuneration.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is part of a pre-existing compensation plan for a director.

Key Dates