Director at First Community Corp (FCCO) awarded 912 deferred stock units as pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Community Corp director Leland E. Reynolds received 912 deferred stock units of common stock as compensation for first-quarter 2026 service. The units were credited under the company’s Non-Employee Director Deferred Compensation Plan at a reference price of $29.17 per share based on the March 31, 2026 closing bid.
Following this award, Reynolds directly holds 32,583 shares and deferred stock units in total, including 2,327 deferred stock units that themselves earn dividend-equivalent units. Each deferred stock unit will convert into one share of First Community common stock when distributions are made from the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
REYNOLDS E. LELAND
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 912 | $29.17 | $27K |
Holdings After Transaction:
Common Stock — 32,583 shares (Direct)
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 912 deferred stock units, based on the amount of compensation deferred by the reporting person under the Plan during the first quarter of 2026 divided by the First Community Corporation common stock consolidated closing bid price of $29.17 on March 31, 2026. Includes 2,327 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 8 deferred stock units credited pursuant to the terms of the Plan as dividend equivalents during the first 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: 912 units
Reference price per share: $29.17
Total holdings after transaction: 32,583 shares/units
+2 more
5 metrics
Deferred stock units granted
912 units
Grant/award acquisition on March 31, 2026
Reference price per share
$29.17
Consolidated closing bid price on March 31, 2026
Total holdings after transaction
32,583 shares/units
Direct ownership after Q1 2026 deferred award
Deferred stock units outstanding
2,327 units
Deferred stock units under director plan, including dividend equivalents
Dividend-equivalent units credited
8 units
Additional deferred units from dividend equivalents in Q1 2026
Key Terms
deferred stock units, dividend equivalents, Non-Employee Director Deferred Compensation Plan
3 terms
deferred stock units financial
"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"
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")"
FAQ
What did First Community Corp (FCCO) director Leland Reynolds report on this Form 4?
Director Leland E. Reynolds reported receiving 912 deferred stock units of First Community common stock. These units were granted as deferred compensation for first-quarter 2026 service under the company’s Non-Employee Director Deferred Compensation Plan at a reference price of $29.17 per share.
How were the 912 deferred stock units for FCCO’s Leland Reynolds calculated?
The 912 deferred stock units were based on compensation Reynolds chose to defer for first-quarter 2026. That deferred amount was divided by First Community common stock’s consolidated closing bid price of $29.17 on March 31, 2026, as specified in the company’s deferred compensation plan.
What is Leland Reynolds’ total First Community Corp equity position after this transaction?
After this transaction, Reynolds holds 32,583 First Community equity units directly, including deferred stock units. This total incorporates 2,327 deferred stock units credited under the plan, which accumulate additional units as dividend equivalents during the first quarter of 2026.
How do deferred stock units work under First Community Corp’s director plan?
Deferred stock units represent a right to receive First Community common shares in the future. Under the plan, they earn dividend equivalents as additional deferred units, and one share of common stock is issued for each deferred stock unit when distributions are made.