Form 4: First Community Corp EVP, COO, and CRO Sarah Donley Receives Restricted Stock Award

Sentiment:

SEC Form 4


Sarah Donley, EVP, COO, and CRO of First Community Corp, reports the acquisition of 296 shares of common stock through a restricted stock award.

Summary

  • On February 18, 2025, Sarah Donley, EVP, COO, and CRO of First Community Corporation, acquired 296 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 cliff vest on February 18, 2028.
  • Following the transaction, Donley directly owns 5,156.657 shares of First Community Corp common stock.

Sentiment

Score: 7

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

Positives

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

Future Outlook

Not applicable.

Industry Context

Restricted stock awards are a common form of executive compensation in the financial services industry, used to attract and retain talent while aligning their interests with those of shareholders.

Stakeholder Impact

  • The restricted stock award aligns executive interests with shareholder value.

Key Dates

DateDescription
02/18/2025Date of transaction: Grant of restricted stock award
02/18/2028Vesting date of the restricted stock award
02/19/2025Date of Form 4 filing

Keywords

restricted stock, Form 4, executive compensation, insider transaction, FCCO, First Community Corporation, Sarah Donley

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