First Community director granted 1,229 stock units
First Community Corporation director Alexander Snipe Jr. acquired 1,229 deferred stock units of common stock on March 31, 2026 as a grant under the company’s Non-Employee Director Deferred Compensation Plan.
Rhea-AI Filing Summary
First Community Corporation director Alexander Snipe Jr. acquired 1,229 deferred stock units of common stock on March 31, 2026 as a grant under the company’s Non-Employee Director Deferred Compensation Plan. The units were credited at a reference price of $29.17 per share, based on deferred first-quarter 2026 compensation.
After this grant, he holds 56,911 shares directly, including 47,860 deferred stock units credited under the plan, of which 252 units were added as dividend equivalents during the first quarter of 2026. He also indirectly holds 3,927 shares through Glory Communications, Inc.
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Insider Trade Summary
Grant/Award: 1,229 shares
Grant/Award
2 txns
Insider
Snipe Alexander JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,229 | $29.17 | $36K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 56,911 shares (Direct);
Common Stock — 3,927 shares (Indirect, By Glory Communications, Inc.)
Footnotes (2)
- F1. 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 1,229 deferred stock units, based on the amount of compensation deferred by the reporting person under the Plan during the first quarter of 2026 divided by the First Community Corporation common stock consolidated closing bid price of $29.17 on March 31, 2026.
- F2. Includes 47,860 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 252 deferred stock units credited pursuant to the terms of the Plan as dividend equivalents during the first quarter of 2026. 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.
Key Figures
Deferred stock units granted: 1,229 units
Reference price per unit: $29.17 per share
Direct holdings after grant: 56,911 shares
+3 more
6 metrics
Deferred stock units granted
1,229 units
Grant credited on March 31, 2026 under director deferred compensation plan
Reference price per unit
$29.17 per share
First Community common stock consolidated closing bid price on March 31, 2026
Direct holdings after grant
56,911 shares
Total First Community common stock held directly following reported transactions
Deferred stock units included in direct holdings
47,860 units
Deferred stock units under the director deferred compensation plan as noted in footnote
Dividend equivalent units Q1 2026
252 units
Additional deferred stock units credited as dividend equivalents during first quarter 2026
Indirectly held shares
3,927 shares
First Community common stock held indirectly through Glory Communications, Inc.
Key Terms
deferred stock units, dividend equivalents, Amended and Restated Non-Employee Director Deferred Compensation Plan, defer compensation, +1 more
5 terms
deferred stock units financial
"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"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend equivalents financial
"Deferred stock units under the Plan receive dividend equivalents in the form of additional deferred stock units"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Amended and Restated Non-Employee Director Deferred Compensation Plan financial
"Includes 47,860 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan"
defer compensation financial
"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"
distribution from the Plan financial
"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"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Alexander Snipe Jr. report in this Form 4 for FCCO?
Alexander Snipe Jr. reported receiving 1,229 deferred stock units of First Community Corporation common stock. These units were granted as deferred director compensation based on first-quarter 2026 fees and valued using a $29.17 consolidated closing bid price on March 31, 2026 under the company’s plan.
Was the FCCO Form 4 transaction an open-market purchase or a grant?
The Form 4 transaction was a grant of 1,229 deferred stock units, not an open-market purchase. The units were credited under the Amended and Restated Non-Employee Director Deferred Compensation Plan in exchange for deferred director compensation, using the $29.17 March 31, 2026 closing bid price.
What are deferred stock units in the FCCO director compensation plan?
Deferred stock units represent a contractual right to receive First Community Corporation common shares in the future. Under the director plan, units are credited based on deferred fees and receive dividend equivalents as additional units, with one share of common stock issued for each unit upon distribution from the plan.
How was the number of 1,229 deferred stock units for FCCO calculated?
The 1,229 deferred stock units were calculated by dividing the amount of director compensation deferred during first-quarter 2026 by the consolidated closing bid price of First Community Corporation common stock of $29.17 on March 31, 2026, in accordance with the terms of the director deferred compensation plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
