Director at First Community Corp (FCCO) receives 733-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST COMMUNITY CORP /SC/ director Chimin J. Chao reported an equity award. On February 24, 2026, Chao acquired 733 shares of common stock through a restricted stock grant under the First Community Corporation 2021 Omnibus Equity Incentive Plan, as Amended and Restated. The award carries no purchase price and is scheduled to vest on January 1, 2027. After this grant, Chao directly holds 60,745 shares of common stock, which include 51,531 deferred stock units that will convert into common shares on a one-for-one basis upon distribution under the non-employee director deferred compensation plan. Chao also has indirect ownership of 42,983 shares through the Yuhjen Jane Chao Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
CHAO CHIMIN J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 733 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 60,745 shares (Direct);
Common Stock — 42,983 shares (Indirect, By Yuhjen Jane Chao Family Trust)
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 51,531 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 FCCO director Chimin J. Chao report?
Chimin J. Chao reported receiving a grant of 733 shares of First Community common stock. The award is a restricted stock grant under the company’s 2021 Omnibus Equity Incentive Plan, reflecting equity-based compensation rather than an open-market stock purchase.
What are the deferred stock units mentioned in Chao’s FCCO filing?
The filing notes 51,531 deferred stock units under First Community’s non-employee director deferred compensation plan. These units receive dividend equivalents as additional units, and will be settled in common stock on a one-for-one basis when a distribution event under the plan occurs.