Form 4: First Community Corp Executive Exercises and Acquires Shares Through Vesting of Restricted Stock Units

Jack W. Walker, EVP and Chief Credit Officer of First Community Corporation, reports the vesting of restricted stock units and subsequent acquisition of common stock, along with tax-related share withholding.

Summary

• On February 17, 2025, Jack W. Walker, EVP and Chief Credit Officer of First Community Corporation, acquired 1,362 shares of common stock through the vesting of time-based restricted stock units granted on February 17, 2022.
• Additionally, 471 shares were withheld to satisfy tax obligations related to the vesting of these units at a price of $27.3 per share.
• On February 18, 2025, Walker acquired 1,751 shares of common stock through the vesting of performance-based restricted stock units granted on February 17, 2022.
• Furthermore, 606 shares were withheld for taxes upon the settlement of these performance-based restricted stock units at a price of $26.84 per share.
• Following these transactions, Walker directly owns 4,548 shares of common stock and 4,690 restricted stock units.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing related to executive compensation. It doesn't contain any particularly positive or negative information, hence a neutral sentiment score.

Positives

• The vesting of restricted stock units indicates that Walker has met certain time-based and performance-based requirements set by the company.
• The acquisition of shares through vesting aligns Walker's interests with those of the shareholders.

Future Outlook

The document indicates future vesting dates for remaining restricted stock units, suggesting continued equity-based compensation for the reporting person.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies. It provides transparency into the alignment of management's interests with shareholders' interests.

Stakeholder Impact

• The vesting of restricted stock units and subsequent acquisition of shares may have a minor positive impact on shareholder confidence, as it demonstrates management's commitment to the company's success.

Key Dates

Keywords

restricted stock units, common stock, vesting, Form 4, insider trading, FCCO, First Community Corporation, Walker Jack W., EVP, Chief Credit Officer