Director at First Community (FCCO) granted 733-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Community Corp director receives stock award
FIRST COMMUNITY CORP director Thomas Carlton Brown reported receiving a grant of 733 shares of common stock as a restricted stock award. The grant was made at no cash cost to him and is described as a grant, award, or other acquisition.
The award was issued under the First Community Corporation 2021 Omnibus Equity Incentive Plan, as Amended and Restated, and is scheduled to vest on January 1, 2027. After this grant, Brown directly holds a total of 40,151 shares of common stock, which includes 8,775 deferred stock units under the company’s Non-Employee Director Deferred Compensation Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BROWN THOMAS CARLTON
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 733 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 40,151 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 8,775 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 did FCCO director Thomas Carlton Brown report on this Form 4?
Thomas Carlton Brown reported receiving a grant of 733 shares of FIRST COMMUNITY CORP common stock as a restricted stock award. The transaction is classified as a grant or other acquisition and increased his directly held and deferred share-based holdings in the company.
Is the FCCO Form 4 transaction a stock purchase or a grant?
The transaction is a grant of restricted stock, not an open-market stock purchase. It is coded as a grant, award, or other acquisition and was made at a reported price of $0.0000 per share under the company’s equity incentive plan.
When will Thomas Carlton Brown’s FCCO restricted stock award vest?
The 733-share restricted stock award is scheduled to vest on January 1, 2027. Until vesting, the shares are restricted under the terms of the First Community Corporation 2021 Omnibus Equity Incentive Plan, as Amended and Restated.
What are the deferred stock units mentioned in the FCCO Form 4 filing?
The filing notes 8,775 deferred stock units under the Non-Employee Director Deferred Compensation Plan. These units receive dividend equivalents in the form of additional deferred units, and will convert into an equal number of First Community Corporation common shares upon distribution from the plan.
Under which plan was the FCCO restricted stock award granted?
The 733-share restricted stock award was granted under the First Community Corporation 2021 Omnibus Equity Incentive Plan, as Amended and Restated. This plan governs the terms of the grant, including vesting on January 1, 2027, and other applicable restrictions.