First Community director granted 271 deferred units
Snipe Alexander JR reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Snipe Alexander JR reported acquisition or exercise transactions in this Form 4 filing.
First Community Corporation director Alexander Snipe Jr. reported a compensation-related award of 271 deferred stock units of common stock, valued using a $32.67 per-share closing bid price on June 30, 2026. These units were credited under the company’s Amended and Restated Non-Employee Director Deferred Compensation Plan for second-quarter 2026 deferred fees.
After this award, Snipe directly holds 57,442 shares of common stock, which include 48,391 deferred stock units under the plan, among them 260 units credited as dividend equivalents during the quarter. He also has 3,927 shares held indirectly through Glory Communications, Inc.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 271 shares
Grant/Award
2 txns
Insider
Snipe Alexander JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 271 | $32.67 | $9K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 57,442 shares (Direct);
Common Stock — 3,927 shares (Indirect, By Glory Communications, Inc.)
Footnotes (2)
- F1. 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 271 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.
- F2. Includes 48,391 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 260 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: 271 units
Pricing basis: $32.67/share
Direct holdings after transaction: 57,442 shares
+3 more
6 metrics
Deferred stock units granted
271 units
Credited for Q2 2026 deferred director compensation at $32.67
Pricing basis
$32.67/share
Common stock consolidated closing bid price on June 30, 2026
Direct holdings after transaction
57,442 shares
Common stock held directly by Alexander Snipe Jr. after award
Deferred stock units outstanding
48,391 units
Deferred stock units under the non-employee director plan
Dividend equivalent units
260 units
Deferred stock units credited as dividend equivalents in Q2 2026
Indirect holdings
3,927 shares
Common stock held indirectly through Glory Communications, Inc.
Key Terms
deferred stock units, dividend equivalents, Amended and Restated 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.
Amended and Restated Non-Employee Director Deferred Compensation Plan financial
"under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan")"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FCCO director Alexander Snipe Jr. report in this Form 4?
Alexander Snipe Jr. reported receiving 271 deferred stock units as compensation under First Community Corporation’s non-employee director deferred compensation plan, based on a common stock closing bid price of $32.67 on June 30, 2026 for his second-quarter deferred fees.
How were the 271 deferred stock units for FCCO calculated?
The 271 deferred stock units were calculated by dividing Alexander Snipe Jr.’s second-quarter 2026 deferred director compensation by First Community’s consolidated closing bid price of $32.67 per share on June 30, 2026, as provided by the non-employee director deferred compensation plan terms.
What are dividend equivalents on FCCO deferred stock units?
Dividend equivalents are additional deferred stock units credited in lieu of cash dividends. Snipe’s holdings include 260 deferred stock units credited as dividend equivalents in second-quarter 2026, and each deferred unit will convert into one share of First Community common stock upon distribution from the plan.
How many deferred stock units of FCCO does Alexander Snipe Jr. hold?
Alexander Snipe Jr. holds 48,391 deferred stock units under First Community’s Amended and Restated Non-Employee Director Deferred Compensation Plan, which includes 260 deferred stock units that were credited during second-quarter 2026 as dividend equivalents on his existing deferred stock unit balance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
