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Director at First Community (FCCO) defers pay into 1,347 stock units

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

CHAO CHIMIN J reported acquisition or exercise transactions in this Form 4 filing.

First Community Corporation director Chimin J. Chao increased his equity-based compensation through deferred stock units. On March 31, 2026, he was credited with 1,347 deferred stock units of common stock, based on a consolidated closing bid price of $29.17 per share.

After this award, he holds 62,372 shares directly, including deferred stock units under the Non-Employee Director Deferred Compensation Plan, and 42,983 shares indirectly through the Yuhjen Chao Family Trust. In total, 53,158 deferred stock units are credited under the plan, including 280 units added as dividend equivalents in the first quarter of 2026, with future share issuance on a one-for-one basis at distribution.

Positive

  • None.

Negative

  • None.
Insider CHAO CHIMIN J
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 1,347 $29.17 $39K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 62,372 shares (Direct); Common Stock — 42,983 shares (Indirect, By Yuhjen Chao Family Trust)
Footnotes (1)
  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 1,347 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 53,158 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 280 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.
Deferred stock units granted 1,347 units Compensation deferral for first quarter of 2026
Reference share price $29.17 per share Consolidated closing bid price on March 31, 2026
Direct holdings after transaction 62,372 shares Common stock, including deferred stock units, after March 31, 2026
Total deferred stock units 53,158 units Deferred units under the director plan as of first quarter 2026
Dividend equivalent units 280 units Additional deferred stock units credited as dividend equivalents in Q1 2026
Indirect trust holdings 42,983 shares Common stock held by Yuhjen Chao Family Trust
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")"
defer compensation financial
"The reporting person has elected to defer compensation in the form of deferred stock units"
distribution from the Plan financial
"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"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
CHAO CHIMIN J
(Last)(First)(Middle)
5455 SUNSET BLVD
(Street)
LEXINGTON SOUTH CAROLINA 29072
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
FIRST COMMUNITY CORP /SC/ [ FCCO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock03/31/2026A1,347(1)A$29.17(1)62,372(2)D
Common Stock42,983IBy Yuhjen 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 1,347 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.
2. Includes 53,158 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 280 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.
/s/ D. SHAWN JORDAN, AS ATTORNEY-IN-FACT04/02/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did FCCO director Chimin J. Chao report in this Form 4 filing?

Director Chimin J. Chao reported receiving 1,347 deferred stock units as compensation under First Community Corporation’s Non-Employee Director Deferred Compensation Plan. These units are tied to the company’s common stock and increase his overall equity-based interest in FCCO.

How were the 1,347 deferred stock units for FCCO calculated for Chao?

The 1,347 deferred stock units were calculated by dividing Chao’s deferred first-quarter 2026 director compensation by First Community Corporation’s $29.17 consolidated closing bid price on March 31, 2026, resulting in that number of stock-linked units credited under the plan.

How many FCCO shares does Chimin J. Chao hold directly after this transaction?

Following this transaction, Chimin J. Chao holds 62,372 shares of First Community Corporation common stock directly. This total includes his accumulated deferred stock units under the Non-Employee Director Deferred Compensation Plan, which will convert into shares upon distribution.

What are Chao’s indirect holdings in First Community Corporation (FCCO)?

Chao has 42,983 shares of First Community Corporation common stock reported as indirect ownership through the Yuhjen Chao Family Trust. This reflects shares held by the trust, separate from his direct and deferred stock unit holdings under the company’s director compensation plan.

How many deferred stock units does Chao have overall under FCCO’s plan?

Chao has 53,158 deferred stock units under First Community Corporation’s Non-Employee Director Deferred Compensation Plan. This total includes 280 additional units credited as dividend equivalents in the first quarter of 2026, all exchangeable one-for-one for common shares at distribution.

How do dividend equivalents affect Chao’s deferred stock units at FCCO?

Deferred stock units under the FCCO director plan receive dividend equivalents in the form of additional units. For first-quarter 2026, Chao was credited with 280 extra deferred stock units as dividend equivalents, increasing his total units that later convert into common shares.