Director at First Community (NASDAQ: FCCO) granted 733 restricted shares vesting 2027
Filing Impact
Filing Sentiment
Form Type
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
1 transaction reported
Mixed
1 txn
Insider
REYNOLDS E. LELAND
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 733 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 31,663 shares (Direct)
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 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.
FAQ
What insider transaction did First Community (FCCO) report for Leland E. Reynolds?
First Community reported that director Leland E. Reynolds acquired 733 shares of common stock as a restricted stock award. The award was granted at no cash cost and is part of his equity compensation, rather than an open-market stock purchase or sale.
What is the total First Community (FCCO) stock ownership reported for Leland E. Reynolds?
After the reported grant, Leland E. Reynolds beneficially owns 31,663 shares of First Community common stock. This total includes both directly held shares and 1,407 deferred stock units that will convert into common stock on a one-for-one basis at distribution.
What are the deferred stock units mentioned in the First Community (FCCO) Form 4?
The filing explains that 1,407 of the director’s reported units are deferred stock units under a non-employee director deferred compensation plan. These units earn dividend equivalents as additional units and will be settled in First Community common stock upon a future distribution event.
Which compensation plans are referenced in the First Community (FCCO) insider filing?
The filing references two company plans: the 2021 Omnibus Equity Incentive Plan, which provided the 733-share restricted stock award, and the Amended and Restated Non-Employee Director Deferred Compensation Plan, which governs the 1,407 deferred stock units that will convert into common shares later.