FCCO (FIRST COMMUNITY CORP) director receives 733-share restricted stock grant
Rhea-AI Filing Summary
FIRST COMMUNITY CORP director W. James Kitchens Jr. received a grant of 733 shares of common stock as a restricted stock award under the First Community Corporation 2021 Omnibus Equity Incentive Plan, as Amended and Restated. The award will vest on January 1, 2027, meaning he must wait until then for the shares to fully vest.
After this grant, his directly held common stock position, which includes deferred stock units that convert into shares on a one-for-one basis upon distribution, increased as reported. The filing also lists indirect holdings through Kitchens Family Investments, LLC and Kitchens Trust Investments, LLC, with Kitchens disclaiming beneficial ownership of the family LLC’s securities except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 733 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Grant of restricted stock award via the First Community Corporation 2021 Omnibus Equity Incentive Plan, as Amended and Restated, that will vest on January 1, 2027. Includes 10,151 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"). 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. Mr. Kitchens disclaims beneficial ownership of securities held by Kitchens Family Investments, LLC except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.