First Community (FCCO) director defers pay into 172 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Community Corporation director Thomas Carlton Brown acquired 172 deferred stock units of common stock as compensation. The units reflect deferred director fees for the second quarter of 2026, calculated using the company’s $32.67 consolidated closing bid price on June 30, 2026.
After this grant, Brown directly holds 41,647 shares of common stock, including 10,052 deferred stock units under the company’s Non-Employee Director Deferred Compensation Plan. These deferred stock units earn dividend equivalents in additional units and will convert to common shares on a one-for-one basis when distributed from the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BROWN THOMAS CARLTON
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 172 | $32.67 | $6K |
Holdings After Transaction:
Common Stock — 41,647 shares (Direct, null)
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 172 deferred stock units, based on the amount of compensation deferred by the reporting person under the Plan during the second quarter of 2026 divided by the First Community Corporation common stock consolidated closing bid price of $32.67 on June 30, 2026. Includes 10,052 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 53 deferred stock units credited pursuant to the terms of the Plan as dividend equivalents during the second quarter of 2026. 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.
Key Figures
Deferred stock units granted: 172 units
Reference stock price: $32.67 per share
Total shares after transaction: 41,647 shares
+2 more
5 metrics
Deferred stock units granted
172 units
Grant on June 30, 2026 for Q2 2026 deferred fees
Reference stock price
$32.67 per share
Consolidated closing bid price on June 30, 2026
Total shares after transaction
41,647 shares
Common stock directly held following the Form 4 transaction
Deferred stock units outstanding
10,052 units
Deferred stock units under the director deferred compensation plan
Dividend equivalent units
53 units
Deferred stock units credited as dividend equivalents in Q2 2026
Key Terms
deferred stock units, dividend equivalents, Non-Employee Director Deferred Compensation Plan, distribution from the Plan
4 terms
deferred stock units financial
"The reporting person was credited with 172 deferred stock units, based on the amount of compensation deferred..."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend equivalents financial
"Deferred stock units under the Plan receive dividend equivalents in the form of additional deferred stock units..."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Non-Employee Director Deferred Compensation Plan financial
"under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan")"
distribution from the Plan financial
"shares of First Community Corporation common stock will be issued on a one-for-one basis... upon a distribution from the Plan"
FAQ
What insider transaction did FCCO director Thomas Carlton Brown report?
Director Thomas Carlton Brown reported receiving 172 deferred stock units of First Community Corporation common stock. These units were granted as a compensation deferral for second-quarter 2026 fees under the company’s Non-Employee Director Deferred Compensation Plan, rather than through an open-market stock purchase.
At what price were Thomas Carlton Brown’s FCCO deferred stock units valued?
The 172 deferred stock units were valued using a First Community Corporation consolidated closing bid price of $32.67 on June 30, 2026. The number of units equals Brown’s deferred director compensation for the quarter divided by this per-share closing bid price.
What are deferred stock units in the FCCO director compensation plan?
Deferred stock units represent director compensation that has been converted into share-based units instead of immediate cash. Under First Community Corporation’s plan, each deferred stock unit will later convert into one common share when amounts are distributed, aligning director compensation with long-term shareholder interests.
How do dividend equivalents work on FCCO deferred stock units?
Deferred stock units under First Community Corporation’s plan receive dividend equivalents as additional deferred stock units. During second-quarter 2026, Brown’s total of 10,052 deferred stock units included 53 extra units credited specifically as dividend equivalents, mirroring cash dividends paid on the underlying common shares.
Does the FCCO Form 4 show an open-market stock purchase or sale?
The Form 4 does not show an open-market buy or sell. Instead, it reports a grant-type acquisition of 172 deferred stock units as compensation deferral, categorized under transaction code A, which is described as a grant, award, or other acquisition of common stock.