First Community (NASDAQ: FCCO) EVP receives 1,000 restricted stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Donley Sarah reported acquisition or exercise transactions in this Form 4 filing.
First Community Corp EVP, COO, and CRO Sarah Donley received a grant of 1,000 restricted stock units on First Community Corporation common stock. Each unit represents a contingent right to one share and will cliff vest on February 24, 2029, when the vested shares will be delivered to her. Following this award, she directly holds 5,294.508 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Donley Sarah
Role
EVP, COO, and CRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,000 shares (Direct);
Common Stock — 5,294.508 shares (Direct)
Footnotes (1)
- 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. 1,000 restricted stock units cliff vest on February 24, 2029, at which time the vested shares will be delivered to the reporting person.
FAQ
What did FCCO executive Sarah Donley report in this Form 4 filing?
Sarah Donley reported receiving a grant of 1,000 restricted stock units in First Community Corporation common stock. These units are part of her equity compensation and provide a contingent right to receive shares if the vesting conditions are met in the future.
How many restricted stock units did FCCO grant to Sarah Donley?
First Community Corporation granted 1,000 restricted stock units to Sarah Donley. Each unit represents a contingent right to receive one share of FCCO common stock, subject to vesting, aligning her compensation with the company’s long-term stock performance and shareholder interests.
When do Sarah Donley’s FCCO restricted stock units vest?
The 1,000 restricted stock units cliff vest on February 24, 2029. At that time, the vested shares will be delivered to Sarah Donley, assuming she satisfies any continuing service or other conditions tied to this long-term equity incentive award.
What does each FCCO restricted stock unit granted to Sarah Donley represent?
Each restricted stock unit represents a contingent right to receive one share of First Community Corporation common stock. The units do not immediately deliver shares; instead, they convert into shares only after the specified vesting date and applicable conditions are satisfied.
Does this FCCO Form 4 show any stock sales by Sarah Donley?
The Form 4 does not report any stock sales by Sarah Donley. It shows an acquisition in the form of a 1,000-unit restricted stock grant and a separate line reflecting her direct ownership of 5,294.508 FCCO common shares after the reported transactions.