STOCK TITAN

Director at First Community Corp (FCCO) receives 733-share stock grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

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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)
  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.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
CHAO CHIMIN J

(Last) (First) (Middle)
5455 SUNSET BLVD

(Street)
LEXINGTON SC 29072

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
FIRST COMMUNITY CORP /SC/ [ FCCO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/24/2026 A 733(1) A $0(1) 60,745(2) D
Common Stock 42,983 I By Yuhjen Jane Chao Family Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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.
2. 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.
/s/ D. SHAWN JORDAN, AS ATTORNEY-IN-FACT 02/25/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.

When do Chimin J. Chao’s newly granted FCCO restricted shares vest?

The 733 restricted shares granted to Chimin J. Chao are scheduled to vest on January 1, 2027. Vesting means the shares fully belong to the director at that time, assuming any applicable service or plan conditions are satisfied through the vesting date.

How many FCCO shares does Chimin J. Chao directly own after this grant?

After the restricted stock grant, Chimin J. Chao directly owns 60,745 shares of First Community common stock. This figure includes 51,531 deferred stock units that will convert into shares on a one-for-one basis upon distribution under the director deferred compensation plan.

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.

Does Chimin J. Chao have any indirect ownership of FCCO shares?

Yes. The filing reports that 42,983 First Community common shares are held indirectly through the Yuhjen Jane Chao Family Trust. This is separate from Chao’s direct holdings and reflects ownership attributed through a family trust structure noted in the filing.

Did Chimin J. Chao buy or sell FCCO shares on the market?

The reported transaction is an award of 733 restricted shares at no purchase price, not an open-market trade. It is categorized as a grant or other acquisition, reflecting stock-based compensation rather than a discretionary market purchase or sale of First Community shares.