Director Alexander Snipe Jr. awarded 733 FCCO shares at First Community (FCCO)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST COMMUNITY CORP director Alexander Snipe Jr. reported an award of 733 shares of common stock on February 24, 2026. The shares were granted as a restricted stock award under the First Community Corporation 2021 Omnibus Equity Incentive Plan and will vest on January 1, 2027.
After this grant, he directly holds 55,430 common shares, which include 46,379 deferred stock units that will convert into common stock on a one-for-one basis upon distribution under the non-employee director deferred compensation plan. He also reports indirect ownership of 3,927 shares held by Glory Communications, Inc.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Snipe Alexander JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 733 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 55,430 shares (Direct);
Common Stock — 3,927 shares (Indirect, By Glory Communications, Inc.)
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 46,379 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 insider transaction did FCCO director Alexander Snipe Jr. report?
Alexander Snipe Jr. reported receiving an award of 733 shares of First Community Corp common stock. The award is structured as restricted stock under the company’s 2021 Omnibus Equity Incentive Plan and reflects a non-cash grant, not an open-market purchase or sale.
What are the 46,379 deferred stock units reported by FCCO’s director?
The 46,379 deferred stock units are awards under First Community’s non-employee director deferred compensation plan. They earn dividend equivalents as additional units, and upon distribution, each unit converts into one share of First Community Corporation common stock for the director.
Was the FCCO director’s Form 4 transaction a market buy or sell?
No, the reported Form 4 event is a grant of restricted stock, not a market buy or sell. The transaction code indicates a grant, award, or other acquisition, with a reported price per share of $0.00, reflecting a compensatory equity award.