FCCO director granted 244 deferred stock units
CHAO CHIMIN J reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
CHAO CHIMIN J reported acquisition or exercise transactions in this Form 4 filing.
FIRST COMMUNITY CORP /SC/ director Chimin J. Chao received 244 deferred stock units of common stock as compensation for service in the second quarter of 2026. The units were credited under the company’s Amended and Restated Non-Employee Director Deferred Compensation Plan based on a consolidated closing bid price of $32.67 on June 30, 2026.
Following this award, Chao directly holds 62,904 shares of common stock, including 53,690 deferred stock units credited under the plan, of which 288 units reflect dividend equivalents for the quarter. Chao also has an indirect holding of 42,983 shares through the Yuhjen Chao Family Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 244 shares
Grant/Award
2 txns
Insider
CHAO CHIMIN J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 244 | $32.67 | $8K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 62,904 shares (Direct);
Common Stock — 42,983 shares (Indirect, By Yuhjen Chao Family Trust)
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 244 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 53,690 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including 288 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: 244 units
Reference share price: $32.67
Direct holdings after award: 62,904 shares
+3 more
6 metrics
Deferred stock units granted
244 units
Compensation for Q2 2026 at $32.67 reference price
Reference share price
$32.67
Consolidated closing bid price on June 30, 2026
Direct holdings after award
62,904 shares
Common stock held directly following Q2 2026 grant
Deferred stock units in plan
53,690 units
Deferred stock units credited under director plan
Dividend equivalent units
288 units
Deferred stock units credited as dividend equivalents in Q2 2026
Indirect trust holdings
42,983 shares
Common stock held via Yuhjen Chao Family Trust
Key Terms
deferred stock units, dividend equivalents, Non-Employee Director Deferred Compensation Plan
3 terms
deferred stock units financial
"the reporting person was credited with 244 deferred stock units, based on the amount of compensation deferred"
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
"including 288 deferred stock units credited pursuant to the terms of the Plan as dividend equivalents"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FCCO director Chimin J. Chao report in this Form 4?
Chimin J. Chao reported receiving 244 deferred stock units of First Community Corp (FCCO) common stock. These units were credited as compensation for second-quarter 2026 service under the company’s non-employee director deferred compensation plan at a reference price of $32.67 per share.
How were the 244 FCCO deferred stock units for Chimin J. Chao calculated?
The 244 deferred stock units were calculated from compensation Chao chose to defer in Q2 2026. The amount deferred was divided by First Community Corporation’s consolidated closing bid price of $32.67 on June 30, 2026, to determine the number of units credited.
What are deferred stock units for FCCO under the director compensation plan?
Deferred stock units represent the right to receive FCCO common shares in the future. Under the non-employee director plan, each deferred unit converts into one share upon distribution, and units receive dividend equivalents as additional deferred stock units rather than cash dividends.
What are dividend equivalents on FCCO deferred stock units in this Form 4?
Dividend equivalents are additional deferred stock units credited in lieu of cash dividends. During the second quarter of 2026, 288 deferred stock units were credited to Chao’s account as dividend equivalents, increasing the total number of units that will convert one-for-one into common shares at distribution.
What indirect FCCO holdings are reported for Chimin J. Chao?
The Form 4 shows 42,983 FCCO common shares held indirectly through the Yuhjen Chao Family Trust. This indirect position is separate from Chao’s 62,904 directly held shares, which include a substantial balance of deferred stock units under the non-employee director compensation plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
