Form 4: First Community Corp Executive Robin D. Brown Reports Stock Transactions
SEC Form 4
EVP Robin D. Brown reports the vesting and tax withholding of restricted stock units, resulting in changes to their beneficial ownership of First Community Corporation stock.
Summary
- On February 17, 2025, Robin D. Brown, EVP of HR and Marketing at First Community Corporation, had 1,627 time-based restricted stock units vest, receiving shares and paying no price for the units.
- 726 shares were withheld to cover tax obligations related to the vesting of these units at a price of $27.3.
- On February 18, 2025, 2,091 performance-based restricted stock units vested upon achievement of performance goals, also at no cost to Brown.
- 933 shares were withheld for taxes upon the settlement of these performance-based restricted stock units at a price of $26.84.
- Following these transactions, Brown directly owns 21,523 shares of common stock and holds 5,289 restricted stock units.
- These restricted stock units will vest in the future on February 21, 2026 (1,737 units), February 20, 2027 (2,062 units), and February 18, 2028 (1,490 units).
Sentiment
Score: 6
Explanation: The sentiment is neutral. This is a routine filing related to stock options vesting. It doesn't indicate any specific positive or negative outlook for the company.
Positives
- The vesting of restricted stock units indicates that the company is meeting its performance goals, at least to the extent required for the performance-based units to vest.
- The executive's continued holding of a significant number of shares and restricted stock units suggests confidence in the company's future performance.
Future Outlook
The reporting person holds additional restricted stock units that will vest on February 21, 2026, February 20, 2027 and February 18, 2028.
Industry Context
This filing is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the ongoing dilution from equity compensation plans.
- Employees may view the vesting of executive stock options as a positive sign of company performance.
Key Dates
| Date | Description |
|---|---|
| 02/17/2022 | Date the restricted stock units were granted to the reporting person under the First Community Corporation 2021 Omnibus Equity Incentive Plan. |
| 02/17/2025 | Vesting date of 1,627 time-based restricted stock units. |
| 02/17/2025 | Shares delivered to the reporting person pursuant to vesting of time-based restricted stock units. |
| 02/17/2025 | Shares withheld to satisfy tax withholding obligation applicable to the vesting of time-based restricted stock units. |
| 02/18/2025 | Vesting date of 2,091 performance-based restricted stock units. |
| 02/18/2025 | Shares delivered to the reporting person pursuant to vesting of performance-based restricted stock units. |
| 02/18/2025 | Shares withheld for taxes upon the settlement in shares of the performance-based restricted stock units previously granted to the reporting person. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
| 02/21/2026 | Future vesting date of 1,737 restricted stock units. |
| 02/20/2027 | Future vesting date of 2,062 restricted stock units. |
| 02/18/2028 | Future vesting date of 1,490 restricted stock units. |
Keywords
restricted stock units, Form 4, beneficial ownership, FCCO, First Community Corporation, insider trading
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