Form 4: First Community Corp Executive Vice President and CFO, D. Shawn Jordan, Reports Stock Transaction

D. Shawn Jordan, EVP and CFO of First Community Corp, reports the withholding of 346 shares of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• D. Shawn Jordan, the Executive Vice President and CFO of First Community Corp, has reported a transaction involving the company's stock.
• On November 14, 2024, 346 shares of common stock were withheld to satisfy tax obligations related to the vesting of restricted stock units.
• Following this transaction, Mr. Jordan directly owns 5,837 shares of First Community Corp stock.
• Mr. Jordan also holds 5,838 restricted stock units, which will vest in three tranches over the next three years.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of an insider stock transaction, which is neither positive nor negative in itself. The sentiment is neutral to slightly positive as it reflects standard executive compensation practices.

Future Outlook

The document outlines the vesting schedule for Mr. Jordan's restricted stock units over the next three years.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. It provides transparency into executive compensation and ownership.

Comparison to Industry Standards

• The vesting schedule of restricted stock units is a common practice in executive compensation packages across the financial industry.
• The transaction is typical for executives who receive stock-based compensation and need to cover tax obligations upon vesting.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard tax withholding event related to executive compensation.

Key Dates

Keywords

First Community Corp, FCCO, insider trading, stock transaction, restricted stock units, executive compensation, Form 4, D. Shawn Jordan