First Bancorp CFO Adds 3,562 Shares in $150K Equity Grant Filing

First Bancorp (FBNC) filed an amended Form 4 on 28 June 2025 detailing insider activity by Chief Financial Officer Elizabeth B. Bostian.

Rhea-AI Filing Summary

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.

Insights

Insider Transactions Analyst

TL;DR: CFO granted 3,562 shares (~22% more direct stake); compensation, not a market buy—signal is governance-neutral.

The amended Form 4 shows a sizeable equity award to the CFO, increasing her direct holdings from roughly 15,200 to 18,762 shares. Although the grant aligns management incentives with shareholders, it is part of standard LTIP compensation rather than an opportunistic open-market purchase, hence provides limited directional insight into FBNC’s valuation. The three-year cliff vesting to 2028 encourages long-term retention but does not immediately affect float or cash flows. Overall market impact appears neutral.

Insider Trade Summary

Grant/Award: 3,562 shares

Grant/Award 2 txns

Insider Bostian Elizabeth B

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	3,562	$42.12	$150K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 18,762 shares (Direct); Common Stock — 986.431 shares (Indirect, 401k Shares)

Footnotes (1)

1. F1. Represents shares of common stock granted under the Company's Long Term Incentive Plan. The shares vest on June 24, 2028.

FAQ

How many FBNC shares did the CFO acquire on 24 June 2025?

Elizabeth B. Bostian was granted 3,562 shares of First Bancorp common stock.

What is the approximate value of the shares granted to FBNC’s CFO?

Based on the reported price of $42.12 per share, the award is valued at roughly $150,000.

When will the newly granted FBNC shares vest?

All 3,562 shares will vest on 24 June 2028 under the Long-Term Incentive Plan.

How many FBNC shares does the CFO own after this transaction?

Following the grant, she holds 18,762 shares directly and 986.431 shares indirectly through the company 401(k).

Why was the FBNC Form 4 amended on 28 June 2025?

The amendment corrects the original filing dated 25 June 2025 to accurately reflect the shares granted and total beneficial ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/27/2025 - 01:14 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bostian Elizabeth B

(Last) (First) (Middle)

2108 CARLISLE ROAD

(Street)

GREENSBORO NC 27401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST BANCORP /NC/ [ FBNC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
06/25/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/24/2025		A		3,562(1)	A	$42.12	18,762	D
Common Stock								986.431	I	401k Shares

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock granted under the Company's Long Term Incentive Plan. The shares vest on June 24, 2028.

	/s/ Anna L. Miller, Attorney in-fact	06/27/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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