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CEO equity grants at First Community (NASDAQ: FCCO) and tax share withholding

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

First Community Corporation President and CEO Michael C. Crapps reported equity awards and related tax withholding transactions. On February 24, 2026, he acquired 2,607 restricted stock units and 7,762 shares of common stock as grants and vesting awards at a price of $0.00 per share, under the company’s 2021 Omnibus Equity Incentive Plan.

To cover taxes on the performance-based restricted stock unit settlement, 3,572 shares of common stock were disposed of at $29.43 per share through share withholding, rather than an open-market sale. After these transactions, he directly owned 76,025 shares of common stock and 9,779 restricted stock units, with an additional 9,805 shares held indirectly by his wife.

Positive

  • None.

Negative

  • None.
Insider CRAPPS MICHAEL C
Role President and CEO
Type Security Shares Price Value
Grant/Award Restricted Stock Units 2,607 $0.00 --
Grant/Award Common Stock 7,762 $0.00 --
Tax Withholding Common Stock 3,572 $29.43 $105K
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 9,779 shares (Direct); Common Stock — 79,597 shares (Direct); Common Stock — 9,805 shares (Indirect, By Wife)
Footnotes (1)
  1. Shares delivered to the reporting person pursuant to vesting of performance-based restricted stock units, which were granted to the reporting person on February 21, 2023, under the First Community Corporation 2021 Omnibus Equity Incentive Plan and vested upon achievement of performance goals for the applicable performance period. The performance-based restricted stock units were granted under the Plan, and therefore the reporting person paid no price for the performance-based restricted stock units. Shares withheld for taxes upon the settlement in shares of the performance-based restricted stock units previously granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of First Community Corporation (FCCO) common stock. The restricted stock units cliff vest on February 24, 2029, at which time the vested shares will be delivered to the reporting person. 4,185 restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person; 2,987 restricted stock units cliff vest on February 18, 2028, at which time the vested shares will be delivered to the reporting person; and 2,607 restricted stock units cliff vest on February 24, 2029, at which time the vested shares will be delivered to the reporting person.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
CRAPPS MICHAEL C
(Last) (First) (Middle)
5455 SUNSET BLVD
(Street)
LEXINGTON SC 29072
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FIRST COMMUNITY CORP /SC/ [ FCCO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/24/2026 A(1) 7,762(1) A $0(2) 79,597 D
Common Stock 02/24/2026 F(3) 3,572(3) D $29.43 76,025 D
Common Stock 9,805 I By Wife
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (4) 02/24/2026 A 2,607 (5) (5) Common Stock 2,607 $0 9,779(6) D
Explanation of Responses:
1. Shares delivered to the reporting person pursuant to vesting of performance-based restricted stock units, which were granted to the reporting person on February 21, 2023, under the First Community Corporation 2021 Omnibus Equity Incentive Plan and vested upon achievement of performance goals for the applicable performance period.
2. The performance-based restricted stock units were granted under the Plan, and therefore the reporting person paid no price for the performance-based restricted stock units.
3. Shares withheld for taxes upon the settlement in shares of the performance-based restricted stock units previously granted to the reporting person.
4. Each restricted stock unit represents a contingent right to receive one share of First Community Corporation (FCCO) common stock.
5. The restricted stock units cliff vest on February 24, 2029, at which time the vested shares will be delivered to the reporting person.
6. 4,185 restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person; 2,987 restricted stock units cliff vest on February 18, 2028, at which time the vested shares will be delivered to the reporting person; and 2,607 restricted stock units cliff vest on February 24, 2029, at which time the vested shares will be delivered to the reporting person.
/s/ D. SHAWN JORDAN, AS ATTORNEY-IN-FACT 02/26/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did FCCO CEO Michael C. Crapps receive in this Form 4 filing?

Michael C. Crapps received 2,607 restricted stock units and 7,762 shares of First Community Corporation common stock. These were delivered at no cost under the 2021 Omnibus Equity Incentive Plan, reflecting performance-based vesting and new restricted stock unit grants.

How were taxes handled on Michael C. Crapps’ FCCO stock awards?

Taxes were satisfied by withholding 3,572 shares of First Community Corporation common stock at $29.43 per share. This tax-withholding disposition used shares from the award settlement instead of a cash payment or open-market sale to the public.

What are Michael C. Crapps’ FCCO share and restricted stock unit holdings after the transactions?

Following these transactions, Michael C. Crapps directly held 76,025 shares of First Community Corporation common stock and 9,779 restricted stock units. In addition, 9,805 shares of common stock were reported as indirectly owned through his wife’s holdings.

When do the reported FCCO restricted stock units for Michael C. Crapps vest?

The filing notes cliff vesting schedules for multiple restricted stock unit grants. Tranches vest on February 20, 2027, February 18, 2028, and February 24, 2029, at which time the vested shares will be delivered to Michael C. Crapps.

Did Michael C. Crapps buy or sell FCCO shares on the open market in this Form 4?

The Form 4 shows grants and vesting-related share deliveries, plus shares withheld for taxes. The dispose transaction is specifically a tax-withholding disposition, not an open-market purchase or sale initiated as a discretionary trading decision.