First Bancorp N C SEC Filings

First Bancorp (FBNC) filed an amended Form 4 on 28 June 2025 detailing insider activity by Chief Financial Officer Elizabeth B. Bostian. On 24 June 2025 she was granted 3,562 shares of common stock under the company’s Long-Term Incentive Plan at an assigned price of $42.12 per share (approx. $150 k in value). The award will vest on 24 June 2028. After the transaction, Bostian directly owns 18,762 shares and indirectly holds 986.431 shares in the 401(k) plan. The filing amends the original Form 4 submitted on 25 June 2025 to correct share and ownership disclosures.

First Bancorp (FBNC) filed an amended Form 4 on 28 June 2025 disclosing a stock grant to Chief Accounting Officer Thomas Brent Hicks.

On 24 June 2025, Hicks was awarded 1,496 shares of common stock (Transaction Code “A”) at a stated price of $42.12 per share, implying an estimated grant value of roughly $63,000. The shares were issued under the company’s Long-Term Incentive Plan and will vest in full on 24 June 2028.

After the grant, Hicks’ direct ownership increased to 3,200.37 shares while his indirect holdings in the 401(k) plan remain at 1,133.181 shares. No shares were sold, and the Rule 10b5-1 checkbox was left blank, indicating the transaction was not executed under a pre-arranged trading plan.

The Form 4/A amends the original submission dated 25 June 2025 but does not change the economic terms of the transaction.

First Bancorp (FBNC) – Form 4 filing, 25 Jun 2025

CEO and Director Richard H. Moore reported the grant of 13,058 shares of common stock on 24 Jun 2025 under the company’s Long-Term Incentive Plan (LTIP). The award, coded “A” for acquisition, carries a stated fair-market price of $42.12 per share, implying an approximate grant value of $0.55 million.

Vesting & ownership

• The shares vest on 24 Jun 2028 (three-year cliff).
• Post-grant, Moore’s direct holdings rise to 138,405.0394 shares; indirect holdings remain 14,338.18 shares in the company 401(k).

Key observations for investors

• No shares were sold; the transaction purely increases insider ownership.
• The LTIP award aligns management incentives with shareholder value but does not represent an open-market purchase.
• Potential dilution from equity compensation appears immaterial relative to FBNC’s ~30 million outstanding shares (figure not provided in filing but relevant context for scale).

The filing signals ongoing retention of the CEO and reinforces alignment, yet the market is unlikely to view a routine, time-vested grant as materially price-moving in the near term.

Form 4 Overview — First Bancorp (FBNC)

On 06/24/2025, Chief Banking Officer Gregory A. Currie reported the acquisition of 7,717 shares of First Bancorp common stock through the company’s Long-Term Incentive Plan at a stated price of $42.12 per share. The award is scheduled to vest on 06/24/2028.

After the transaction, Currie’s direct ownership increased to 33,381 shares, and he continues to hold 2,776.412 shares indirectly through the company 401(k) plan. No dispositions or derivative-security transactions were reported.

The filing represents a routine equity incentive grant that aligns executive and shareholder interests but does not indicate any immediate change in the company’s financial outlook.

First Bancorp (FBNC) Form 4 filing: Chief Financial Officer Elizabeth B. Bostian reported an equity award of 3,562 common shares on 24 June 2025 at a reference price of $42.12 per share under the company’s Long-Term Incentive Plan. The award vests on 24 June 2028. Following the grant, Bostian’s beneficial ownership rises to 18,762 directly held shares and 737.35 shares held indirectly via a 401(k). No derivative securities were involved in the transaction.

The transaction is coded “A,” indicating an award or grant rather than an open-market purchase, and therefore does not represent immediate cash outlay by the insider. Nonetheless, the additional shares modestly increase executive equity alignment.