FIRST COMMUNITY CORP (FCCO) EVP reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST COMMUNITY CORP executive Robin D. Brown reported equity award activity tied to vested restricted stock units. On February 21, 2026, 1,737 restricted stock units vested and converted into 1,737 shares of common stock at no cost under the 2021 Omnibus Equity Incentive Plan. To cover tax withholding on this vesting, 776 common shares were withheld at $30.62 per share. After these transactions, Brown directly owned 22,589 shares of common stock and 3,552 restricted stock units, with additional units scheduled to cliff vest in 2027 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,737 shares exercised/converted
Mixed
3 txns
Insider
Brown, Robin D.
Role
EVP, HR and Marketing
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,737 | $0.00 | -- |
| Exercise | Common Stock | 1,737 | $0.00 | -- |
| Tax Withholding | Common Stock | 776 | $30.62 | $24K |
Holdings After Transaction:
Restricted Stock Units — 3,552 shares (Direct);
Common Stock — 23,365 shares (Direct)
Footnotes (1)
- Shares delivered to the reporting person pursuant to vesting of time-based restricted stock units, which were granted to the reporting person on February 21, 2023, under the First Community Corporation 2021 Omnibus Equity Incentive Plan and vested on February 21, 2026. The time-based restricted stock units were granted under the Plan, and therefore the reporting person paid no price for the time-based restricted stock units. Shares withheld to satisfy tax withholding obligation applicable to the vesting of time-based restricted stock units that vested on February 21, 2026. Each restricted stock unit represents a contingent right to receive one share of First Community Corporation (FCCO) common stock. 1,737 restricted stock units cliff vested on February 21, 2026. 2,062 restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person and 1,490 restricted stock units cliff vest on February 18, 2028, at which time the vested shares will be delivered to the reporting person.
FAQ
What insider transactions did FCCO executive Robin D. Brown report on this Form 4?
Robin D. Brown reported vesting of 1,737 restricted stock units that converted into 1,737 common shares at no cost, plus a related withholding of 776 common shares at $30.62 per share to satisfy tax obligations arising from the vesting event.
What happened to the 1,737 FCCO restricted stock units reported in the Form 4?
The 1,737 restricted stock units cliff vested on February 21, 2026 and each unit converted into one share of First Community Corporation common stock. These units were granted on February 21, 2023 under the company’s 2021 Omnibus Equity Incentive Plan.
Did Robin D. Brown pay any purchase price for the vested FCCO restricted stock units?
No, Robin D. Brown did not pay a purchase price for the restricted stock units. The filing states the units were granted under the company’s equity incentive plan, and therefore no price was paid for the time-based restricted stock units themselves.
What future FCCO restricted stock unit vesting is disclosed for Robin D. Brown?
The filing notes that 2,062 restricted stock units are scheduled to cliff vest on February 20, 2027, and 1,490 units are scheduled to cliff vest on February 18, 2028. Upon each vesting date, the corresponding shares will be delivered to Robin D. Brown.