Shawn Jordan - Feb 20, 2024 Form 4 Insider Report for FIRST COMMUNITY CORP /SC/ (FCCO)

Role
EVP and CFO
Signature
D. Shawn Jordan
Stock symbol
FCCO
Transactions as of
Feb 20, 2024
Transactions value $
-$37,558
Form type
4
Date filed
2/22/2024, 12:42 PM
Previous filing
Feb 23, 2023
Next filing
Nov 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FCCO Common Stock Tax liability -$17K -994 -16.81% $17.06 4.92K Feb 20, 2024 Direct F1
transaction FCCO Common Stock Award $0 +2.51K +51.08% $0.00 7.43K Feb 20, 2024 Direct F2, F3
transaction FCCO Common Stock Tax liability -$20.6K -1.25K -16.78% $16.52 6.18K Feb 22, 2024 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FCCO Restricted Stock Units Award $0 +2.21K +61% $0.00 5.84K Feb 20, 2024 Common Stock 2.21K Direct F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to satisfy tax withholding obligation applicable to the vesting of restricted stock.
F2 Shares delivered to the reporting person pursuant to vesting of performance-based restricted stock units, which were granted to the reporting person on February 17, 2021, under the First Community Corporation 2011 Stock Incentive Plan and vested upon achievement of performance goals for the applicable performance period.
F3 The performance-based restricted stock units were granted under the Plan, and therefore the reporting person paid no price for the performance-based restricted stock units.
F4 Shares withheld for taxes upon the settlement in shares of the performance-based restricted stock units previously granted to the reporting person.
F5 Each restricted stock unit represents a contingent right to receive one share of First Community Corporation (FCCO) common stock.
F6 The restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person.
F7 1,756 restricted stock units cliff vest on February 17, 2025, at which time the vested shares will be delivered to the reporting person; 1,870 restricted stock units cliff vest on February 21, 2026, at which time the vested shares will be delivered to the reporting person; and 2,212 restricted stock units cliff vest on February 20, 2027, at which time the vested shares will be delivered to the reporting person.