Form 4: First Community Corp Director Snipe Alexander JR Reports Acquisition of Deferred Stock Units

Director Snipe Alexander JR reports acquisition of 957 deferred stock units in First Community Corp through deferred compensation plan.

Summary

• On March 31, 2025, Director Snipe Alexander JR acquired 957 deferred stock units in First Community Corp (FCCO) at a price of $22.46 per unit.
• This acquisition was part of the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan.
• Following the transaction, Snipe Alexander JR directly owns 53,108 shares and indirectly owns 3,927 shares through Glory Communications, Inc.
• The reported transaction also includes 44,790 deferred stock units under the plan, including 245 deferred stock units credited as dividend equivalents during the first quarter of 2025.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a standard disclosure of insider transactions.

Positives

• The acquisition of deferred stock units aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan allows directors to accumulate company stock over time.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the holdings and transactions of company directors.

Stakeholder Impact

• Provides transparency to shareholders regarding director's holdings and compensation.

Key Dates

Keywords

deferred stock units, director compensation, Form 4, FCCO, First Community Corp, insider trading