First Community (FCCO) director defers pay into 267 stock units, total holdings 30,238
Rhea-AI Filing Summary
First Community Corporation director Reynolds E. Leland received 267 deferred stock units under the company’s Non-Employee Director Deferred Compensation Plan, calculated by dividing his deferred third-quarter compensation by the company’s consolidated closing bid price of $28.16. After the crediting, the reporting person beneficially owns 30,238 shares or share-equivalents, which includes 1,215 deferred stock units in the plan (including 6 dividend-equivalent units credited during the third quarter). Deferred stock units accrue dividend equivalents and will be converted into one share of common stock per unit upon distribution from the plan.
Positive
- 267 deferred stock units credited, increasing the reporting person's long-term alignment with shareholders
- Total beneficial holdings of 30,238 (including 1,215 deferred units), reflecting sustained equity-linked ownership
- Dividend equivalents credited (6 units this quarter) preserve economic value while units remain deferred
Negative
- None.
Insights
TL;DR: Routine director deferral increases share-equivalent holdings modestly; not a material corporate event.
The transaction reflects a standard non-cash compensation election by a director to receive deferred stock units rather than immediate cash. The 267 units were priced using the consolidated closing bid of $28.16, and the reporting person’s total beneficial position of 30,238 includes previously held deferred units and dividend equivalents. This is a compensation and governance matter with limited direct impact on operating results or capital structure.
TL;DR: Director elected to defer pay into equity-linked units, aligning compensation with shareholder outcomes but routine in practice.
The use of deferred stock units under the Amended and Restated Non-Employee Director Deferred Compensation Plan is a common mechanism to align director interests with shareholders and preserve cash. Inclusion of dividend-equivalent units (6 credited this quarter) indicates the plan mirrors economic equity ownership until distribution. There is no indication of additional indirect holdings or changes to control from this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 267 | $28.16 | $8K |
Footnotes (1)
- The reporting person has elected to defer compensation in the form of deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"). Pursuant to the terms of the Plan, the reporting person was credited with 267 deferred stock units, based on the amount of compensation deferred by the reporting person under the Plan during the third quarter of 2025 divided by the First Community Corporation common stock consolidated closing bid price of $28.16 on September 30, 2025. Includes 1,215 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 6 deferred stock units credited pursuant to the terms of the Plan as dividend equivalents during the third quarter of 2025. 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.
