First Community (FCCO) Director Defers Pay into 364 Stock Units

Rhea-AI Filing Summary

First Community Corporation (FCCO) director Chimin J. Chao received 364 deferred stock units credited under the company’s Non-Employee Director Deferred Compensation Plan for compensation deferred in Q3 2025, calculated using the consolidated closing bid price of $28.16 on September 30, 2025. The filing reports 59,492 shares beneficially owned following the transaction, and identifies 42,983 shares as indirectly owned by the Yuhjen Jane Chao Family Trust. The filing notes the reporting person also holds 51,011 deferred stock units under the plan, including 307 credited as dividend equivalents in Q3 2025, and that deferred units will convert one-for-one to shares upon distribution.

Positive

• Director aligned with shareholders by deferring compensation into deferred stock units
• Deferred units accrue dividend equivalents, as shown by 307 dividend-equivalent units credited in Q3 2025
• Clear conversion terms: deferred stock units convert one-for-one to shares upon distribution

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director deferred compensation into equity, aligning pay with shareholder outcomes without an open-market trade.

The director elected to defer non-employee director compensation into deferred stock units, receiving 364 units for Q3 2025 and holding 51,011 total deferred units including 307 dividend-equivalent units. The filing documents indirect ownership via a family trust of 42,983 shares and a post-transaction beneficial ownership count of 59,492 shares. This is a routine Section 16 disclosure of equity-based compensation and trust ownership with no immediate sale or public-market purchase reported.

Securities/Insider Activity Analyst

TL;DR: Transaction is a compensation deferral credit, not an open-market acquisition or disposition.

The Form 4 shows Code A reporting for 364 deferred stock units credited under the company’s director deferred compensation plan using the $28.16 closing price on 09/30/2025. The filing clarifies that deferred stock units accrue dividend equivalents and convert one-for-one to shares on distribution. No derivative transactions, sales, or exercise events are disclosed in this filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

CHAO CHIMIN J

(Last) (First) (Middle)

5455 SUNSET BLVD

(Street)

LEXINGTON SC 29072

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST COMMUNITY CORP /SC/ [ FCCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/30/2025		A		364(1)	A	$28.16(1)	59,492(2)	D
Common Stock								42,983	I	By Yuhjen Jane Chao Family Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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 364 deferred stock units, based on the amount of compensation deferred by the reporting person under the Plan during the third quarter of 2025 divided by the First Community Corporation common stock consolidated closing bid price of $28.16 on September 30, 2025.

2. Includes 51,011 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 307 deferred stock units credited pursuant to the terms of the Plan as dividend equivalents during the third quarter of 2025. 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.

	/s/ D. SHAWN JORDAN, AS ATTORNEY-IN-FACT	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did FCCO director Chimin J. Chao report on Form 4?

The director reported 364 deferred stock units credited under the Non-Employee Director Deferred Compensation Plan, using a $28.16 closing price on 09/30/2025.

How many shares does the filing show beneficially owned after the transaction?

The filing reports 59,492 shares beneficially owned following the reported transaction.

What indirect ownership is disclosed in the FCCO Form 4?

The Form 4 discloses 42,983 shares indirectly owned by the Yuhjen Jane Chao Family Trust.

How many deferred stock units does the director hold in total and did they receive dividend equivalents?

The filing states the director holds 51,011 deferred stock units in the plan, including 307 units credited as dividend equivalents in Q3 2025.

Will the deferred stock units convert to common shares?

Yes. The filing states deferred stock units will be issued one-for-one as shares of First Community Corporation common stock upon distribution from the plan.