FCCO CFO (NASDAQ: FCCO) gains stock from RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Community Corporation EVP and CFO Donald Shawn Jordan reported vesting of time-based restricted stock units and related share movements. On February 21, 2026, 1,870 restricted stock units granted in 2023 under the 2021 Omnibus Equity Incentive Plan cliff vested and converted into an equal number of common shares at no cost to him. To cover tax withholding on this vesting, 929 common shares were withheld at a price of $30.62 per share. Jordan now directly holds 8,799 common shares and 3,793 restricted stock units, with additional tranches of 2,212 units scheduled to cliff vest on February 20, 2027, and 1,581 units on February 18, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,870 shares exercised/converted
Mixed
3 txns
Insider
Jordan Donald Shawn
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,870 | $0.00 | -- |
| Exercise | Common Stock | 1,870 | $0.00 | -- |
| Tax Withholding | Common Stock | 929 | $30.62 | $28K |
Holdings After Transaction:
Restricted Stock Units — 3,793 shares (Direct);
Common Stock — 9,728 shares (Direct)
Footnotes (1)
- Shares delivered to the reporting person pursuant to vesting of time-based restricted stock units, which were granted to the reporting person on February 21, 2023, under the First Community Corporation 2021 Omnibus Equity Incentive Plan and vested on February 21, 2026. The time-based restricted stock units were granted under the Plan, and therefore the reporting person paid no price for the time-based restricted stock units. Shares withheld to satisfy tax withholding obligation applicable to the vesting of time-based restricted stock units that vested on February 21, 2026. Each restricted stock unit represents a contingent right to receive one share of First Community Corporation (FCCO) common stock. 1,870 restricted stock units cliff vested on February 21, 2026. 2,212 restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person and 1,581 restricted stock units cliff vest on February 18, 2028, at which time the vested shares will be delivered to the reporting person.
FAQ
What insider transactions did FCCO EVP and CFO Donald Shawn Jordan report?
Donald Shawn Jordan reported vesting of 1,870 restricted stock units into common shares and a related tax-withholding share disposition. These movements stem from previously granted equity awards under First Community Corporation’s 2021 Omnibus Equity Incentive Plan, not from open-market buying or selling.
What is the CFO’s ownership in FCCO stock and units after these transactions?
After the reported transactions, the CFO directly holds 8,799 shares of First Community common stock and 3,793 restricted stock units. These figures reflect the RSU conversion, remaining equity awards, and the shares that were withheld to meet the related tax obligations at vesting.
When will the remaining FCCO restricted stock units held by the CFO vest?
According to the filing, 2,212 restricted stock units are scheduled to cliff vest on February 20, 2027, and 1,581 units are scheduled to cliff vest on February 18, 2028. Upon each vesting date, the vested shares will be delivered to the CFO, subject to applicable withholdings.