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First Community Corp (FCCO) awards stock to EVP, withholds shares for tax

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

First Community Corporation executive Ted J. Nissen reported equity compensation and related tax withholding. On February 24, 2026, he acquired 2,250 restricted stock units and 4,689 shares of common stock as grants at a price of $0.00 per share.

After these awards, he directly held 7,398 restricted stock units and 40,934 common shares before tax withholding. A separate disposition of 2,280 common shares at $29.43 per share covered taxes due on the settlement of performance-based restricted stock units granted on February 21, 2023, leaving him with 38,654 directly held common shares.

Positive

  • None.

Negative

  • None.
Insider Nissen Ted J
Role EVP and Chief Banking Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Units 2,250 $0.00 --
Grant/Award Common Stock 4,689 $0.00 --
Tax Withholding Common Stock 2,280 $29.43 $67K
Holdings After Transaction: Restricted Stock Units — 7,398 shares (Direct); Common Stock — 40,934 shares (Direct)
Footnotes (1)
  1. Shares delivered to the reporting person pursuant to vesting of performance-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 upon achievement of performance goals for the applicable performance period. The performance-based restricted stock units were granted under the Plan, and therefore the reporting person paid no price for the performance-based restricted stock units. Shares withheld for taxes upon the settlement in shares of the performance-based restricted stock units previously granted to the reporting person. Each restricted stock unit represents a contingent right to receive one share of First Community Corporation (FCCO) common stock. The restricted stock units cliff vest on February 24, 2029, at which time the vested shares will be delivered to the reporting person. 2,713 restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person; 2,435 restricted stock units cliff vest on February 18, 2028, at which time the vested shares will be delivered to the reporting person; and 2,250 restricted stock units cliff vest on February 24, 2029, at which time the vested shares will be delivered to the reporting person.
Form 4 Insider Transactions: What Each Field Means →
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*
Nissen Ted 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
X Officer (give title below) Other (specify below)
EVP and Chief Banking Officer
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(1) 4,689(1) A $0(2) 40,934 D
Common Stock 02/24/2026 F(3) 2,280(3) D $29.43 38,654 D
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
Restricted Stock Units (4) 02/24/2026 A 2,250 (5) (5) Common Stock 2,250 $0 7,398(6) D
Explanation of Responses:
1. Shares delivered to the reporting person pursuant to vesting of performance-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 upon achievement of performance goals for the applicable performance period.
2. The performance-based restricted stock units were granted under the Plan, and therefore the reporting person paid no price for the performance-based restricted stock units.
3. Shares withheld for taxes upon the settlement in shares of the performance-based restricted stock units previously granted to the reporting person.
4. Each restricted stock unit represents a contingent right to receive one share of First Community Corporation (FCCO) common stock.
5. The restricted stock units cliff vest on February 24, 2029, at which time the vested shares will be delivered to the reporting person.
6. 2,713 restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person; 2,435 restricted stock units cliff vest on February 18, 2028, at which time the vested shares will be delivered to the reporting person; and 2,250 restricted stock units cliff vest on February 24, 2029, at which time the vested shares will be delivered to the reporting person.
/s/ D. SHAWN JORDAN, AS ATTORNEY-IN-FACT 02/26/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did FCCO executive Ted J. Nissen report on February 24, 2026?

Ted J. Nissen reported equity grants and a tax-related share disposition on February 24, 2026. He received 2,250 restricted stock units and 4,689 common shares, and 2,280 common shares were withheld to satisfy taxes on vested performance-based restricted stock units.

How many FCCO restricted stock units does Ted J. Nissen hold after these transactions?

After the reported transactions, Ted J. Nissen directly holds 7,398 restricted stock units. Each unit represents a contingent right to receive one share of First Community Corporation common stock, with future vesting dates scheduled in 2027, 2028, and 2029 under the company’s equity incentive plan.

How many FCCO common shares does Ted J. Nissen own following the Form 4 filing?

Following the Form 4 transactions, Ted J. Nissen directly owns 38,654 shares of First Community Corporation common stock. This reflects 4,689 shares awarded and 2,280 shares withheld to cover taxes tied to settlement of performance-based restricted stock units.

Were the FCCO equity awards to Ted J. Nissen granted at any purchase price?

The equity awards to Ted J. Nissen carried no purchase price. Both the 2,250 restricted stock units and 4,689 common shares were granted at a price of $0.00 per share under the First Community Corporation 2021 Omnibus Equity Incentive Plan.

What are the future vesting dates for Ted J. Nissen’s FCCO restricted stock units?

Ted J. Nissen’s restricted stock units vest on three future dates. 2,713 units vest on February 20, 2027, 2,435 units vest on February 18, 2028, and 2,250 units vest on February 24, 2029, when the corresponding shares will be delivered to him.

Why were 2,280 FCCO shares disposed of in Ted J. Nissen’s Form 4 filing?

The 2,280 common shares were withheld to cover taxes upon settlement of previously granted performance-based restricted stock units. This tax-withholding disposition used shares valued at $29.43 each, rather than requiring a separate cash payment from Ted J. Nissen.