Director at First Community (NASDAQ: FCCO) awarded 211 deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Community Corporation director E. Leland Reynolds reported acquiring 211 deferred stock units of common stock on June 30, 2026. These units reflect compensation he chose to defer, calculated using a consolidated closing bid price of $32.67 per share on that date.
After this grant, Reynolds held 32,807 shares of First Community common stock directly, including 2,551 deferred stock units credited under the company’s Non-Employee Director Deferred Compensation Plan. Deferred stock units receive dividend equivalents in additional units and will convert into an equal number of common shares when distributed from the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
REYNOLDS E. LELAND
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 211 | $32.67 | $7K |
Holdings After Transaction:
Common Stock — 32,807 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 211 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 2,551 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 13 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: 211 units
Reference stock price: $32.67 per share
Total shares after transaction: 32,807 shares
+2 more
5 metrics
Deferred stock units granted
211 units
Director fee deferral for Q2 2026 at $32.67
Reference stock price
$32.67 per share
Consolidated closing bid price on June 30, 2026
Total shares after transaction
32,807 shares
Common stock held after June 30, 2026 grant
Deferred stock units held
2,551 units
Deferred units under director compensation plan, including dividend equivalents
Dividend equivalent units
13 units
Deferred stock units credited as dividend equivalents in Q2 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 FCCO director E. Leland Reynolds report in this Form 4?
Director E. Leland Reynolds reported acquiring 211 deferred stock units of First Community Corporation common stock. The units arose from deferred director compensation for the 2026 second quarter, based on a consolidated closing bid price of $32.67 per share on June 30, 2026.
How were the 211 deferred stock units for FCCO calculated?
The 211 deferred stock units were credited by dividing Reynolds’ deferred second-quarter 2026 director compensation by the First Community Corporation common stock consolidated closing bid price of $32.67 on June 30, 2026, as specified under the company’s Amended and Restated Non-Employee Director Deferred Compensation Plan.
What are deferred stock units under FCCO’s Non-Employee Director Deferred Compensation Plan?
Deferred stock units represent director compensation that is converted into stock-based units instead of current cash. Under First Community Corporation’s plan, these units receive dividend equivalents in additional units, and one share of common stock is issued for each unit when a distribution from the plan occurs.
How do dividend equivalents work on FCCO deferred stock units?
Deferred stock units under First Community Corporation’s director plan receive dividend equivalents as additional deferred stock units. During the 2026 second quarter, 13 such units were credited to Reynolds, and each unit will ultimately convert into one share of common stock upon distribution from the plan.