First Community Corp (FCCO) director defers pay into 922 stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
First Community Corporation director Jonathan W. Been acquired 922 deferred stock units of common stock as compensation on March 31, 2026. The units were credited under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan at a reference price of $29.17 per share.
Following this grant, Been directly holds 147,704 shares of common stock, which include the 922 deferred stock units. He also has indirect holdings through three trusts—the Shiver Higbee Legacy Trust, the Katherine Smith Been Trust, and the Jonathan W. Been, Jr. Trust—over which he has voting and dispositive power.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Been Jonathan W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 922 | $29.17 | $27K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 147,704 shares (Direct);
Common Stock — 153,103 shares (Indirect, By the Shiver Higbee Legacy Trust)
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 922 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 922 deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan (the "Plan"), including zero 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. Shares are held by the Shiver Higbee Legacy Trust, of which the reporting person is trustee and has voting and dispositive power. Shares are held by the Katherine Smith Been Trust, over which the reporting person has voting and dispositive power. Shares are held by the Jonathan W. Been, Jr. Trust, over which the reporting person has voting and dispositive power.
Key Figures
Deferred stock units granted: 922 units
Reference share price: $29.17 per share
Direct holdings after transaction: 147,704 shares
+3 more
6 metrics
Deferred stock units granted
922 units
Compensation deferral for Q1 2026 at $29.17 reference price
Reference share price
$29.17 per share
Consolidated closing bid price on March 31, 2026
Direct holdings after transaction
147,704 shares
Common stock directly held after March 31, 2026 grant
Shiver Higbee Legacy Trust holdings
153,103 shares
Indirect FCCO common stock with Been as trustee
Katherine Smith Been Trust holdings
30,401 shares
Indirect FCCO common stock with Been voting power
Jonathan W. Been, Jr. Trust holdings
30,401 shares
Indirect FCCO common stock with Been voting power
Key Terms
deferred stock units, dividend equivalents, voting and dispositive power, Non-Employee Director Deferred Compensation Plan
4 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.
voting and dispositive power financial
"Shares are held by the Shiver Higbee Legacy Trust, of which the reporting person is trustee and has voting and dispositive power"
Non-Employee Director Deferred Compensation Plan financial
"deferred stock units under the First Community Corporation Amended and Restated Non-Employee Director Deferred Compensation Plan"
