First Community director granted 733 restricted shares
First Community Corporation director Leland E. Reynolds reported an equity award of 733 shares of common stock on a Form 4.
Rhea-AI Filing Summary
First Community Corporation director Leland E. Reynolds reported an equity award of 733 shares of common stock on a Form 4. The shares were granted at no cash cost as a restricted stock award under the 2021 Omnibus Equity Incentive Plan and will vest on January 1, 2027.
After this grant, Reynolds beneficially owns 31,663 shares of First Community common stock, including 1,407 deferred stock units that accrue dividend equivalents and will convert into common shares on a one-for-one basis upon distribution under the company’s non-employee director deferred compensation plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 733 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. Includes 1,407 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.
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