First Community (FCCO) EVP awarded 1,250 restricted stock units vesting in 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Painter Joseph Andrew reported acquisition or exercise transactions in this Form 4 filing.
First Community Corporation executive receives new stock-based award. Executive Vice President Joseph Andrew Painter was granted 1,250 restricted stock units on February 24, 2026. Each unit represents the right to receive one share of First Community Corporation common stock when it vests.
The new restricted stock units cliff vest on February 24, 2029, meaning all units vest at once on that date and then shares will be delivered to Painter. After this grant, he directly holds 2,625 restricted stock units, including 1,375 units that cliff vest on February 18, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Painter Joseph Andrew
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,250 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,625 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (1)
- 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. 1,375 restricted stock units cliff vest on February 18, 2028, at which time the vested shares will be delivered to the reporting person; and 1,250 restricted stock units cliff vest on February 24, 2029, at which time the vested shares will be delivered to the reporting person.
FAQ
What insider transaction did First Community (FCCO) report for Joseph Andrew Painter?
First Community reported a grant of 1,250 restricted stock units to Executive Vice President Joseph Andrew Painter. These units are stock-based compensation that convert to common shares at vesting, aligning part of his pay with long-term company performance.
When do Joseph Andrew Painter’s new FCCO restricted stock units vest?
The 1,250 restricted stock units granted to Joseph Andrew Painter cliff vest on February 24, 2029. At that time, all units vest at once and the corresponding common shares are delivered to him as part of his long-term compensation.
How many restricted stock units does Joseph Andrew Painter hold after this FCCO Form 4?
After this grant, Joseph Andrew Painter directly holds 2,625 restricted stock units. This total includes 1,375 units that cliff vest on February 18, 2028, and 1,250 units that cliff vest on February 24, 2029, all settled in common stock at vesting.
What does each FCCO restricted stock unit granted to Joseph Andrew Painter represent?
Each restricted stock unit represents a contingent right to receive one share of First Community Corporation common stock. Shares are not issued immediately; they are delivered to Joseph Andrew Painter only when the respective vesting dates are reached under the grant terms.
Does the FCCO Form 4 show any common stock directly owned by Joseph Andrew Painter?
The Form 4 indicates zero shares of common stock directly held by Joseph Andrew Painter following the reported transactions. Instead, his equity exposure comes from 2,625 restricted stock units that may convert into common shares upon their future vesting dates.