First Community (FCCO) Insider Credits 226 Stock Units via Compensation Plan
Rhea-AI Filing Summary
Form 4 filing (FCCO): Director Leland E. Reynolds elected to defer board compensation, receiving 226 deferred stock units on 06/30/2025 at a reference price of $24.32 per share under First Community Corporation’s Amended & Restated Non-Employee Director Deferred Compensation Plan. His total beneficial ownership rises to 29,965 shares, which includes 942 deferred units (with 4 units credited as dividend equivalents during Q2-2025). No derivative securities or sales were reported. The transaction is classified as an “A” (acquisition), executed directly, and reflects routine compensation deferral rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insights
TL;DR: Minor, routine insider acquisition via deferred compensation; negligible impact on valuation.
The 226-unit credit represents roughly <0.1% of FCCO’s 4.9 million outstanding shares, signalling no strategic shift. Because it stems from a standing director compensation plan, it neither indicates management sentiment change nor injects meaningful capital. Beneficial ownership now totals 29,965 shares, still well below reporting thresholds that might imply control. Overall, the filing is administratively important for compliance but financially immaterial.
TL;DR: Filing confirms ongoing use of deferred-stock compensation; governance practices unchanged.
The report demonstrates consistent application of FCCO’s deferred-compensation scheme, offering transparency into equity-based remuneration. No red flags arise regarding timing, pricing, or volume. For shareholders, such routine accruals mildly align director incentives with long-term performance, but the scale is too small to affect voting power or board independence.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 226 | $24.32 | $5K |
Footnotes (1)
- The reporting person has elected to defer compensation in the form of deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"). Pursuant to the terms of the Plan, the reporting person was credited with 226 deferred stock units, based on the amount of compensation deferred by the reporting person under the Plan during the second quarter of 2025 divided by the First Community Corporation common stock consolidated closing bid price of $24.32 on June 30, 2025. Includes 942 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 4 deferred stock units credited pursuant to the terms of the Plan as dividend equivalents during the second quarter of 2025. Deferred stock units under the Plan receive dividend equivalents in the form of additional deferred stock units, and shares of First Community Corporation common stock will be issued on a one-for-one basis in respect of deferred stock units upon a distribution from the Plan.