FIRST BANCORP /NC/ (FBNC) CFO has 1,887 shares withheld for taxes

Rhea-AI Filing Summary

FIRST BANCORP /NC/ Chief Financial Officer Elizabeth B. Bostian reported routine share withholding to cover taxes, with no open-market trades. On June 29, 2026, the company withheld 1,887 shares of Restricted Stock at $63.53 per share to satisfy income taxes on previously granted shares.

After this tax-withholding disposition, she directly holds 14,506 Restricted Stock shares, plus 20,472 Common Stock shares and about 1,002.978 Common Stock shares in a 401K plan. The filing reflects compensation-related tax settlement rather than discretionary buying or selling.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Bostian Elizabeth B

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Restricted Stock	1,887	$63.53	$120K
holding	Common Stock	--	--	--
holding	Common Stock in 401K Plan	--	--	--

Holdings After Transaction: Restricted Stock — 14,506 shares (Direct, null); Common Stock — 20,472 shares (Direct, null); Common Stock in 401K Plan — 1,002.978 shares (Direct, null)

Footnotes (1)

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Key Figures

Tax-withheld shares: 1,887 shares Withholding price: $63.53/share Restricted Stock after transaction: 14,506 shares +2 more

5 metrics

Tax-withheld shares 1,887 shares Restricted Stock withheld for income taxes on Jun. 29, 2026

Withholding price $63.53/share Value used for Restricted Stock tax withholding

Restricted Stock after transaction 14,506 shares CFO direct Restricted Stock holdings following tax withholding

Common Stock holdings 20,472 shares CFO direct Common Stock holdings after reported transactions

401K Common Stock 1,002.978 shares Common Stock held in 401K plan after reported transactions

Key Terms

Restricted Stock, tax-withholding disposition, Common Stock in 401K Plan, Form 4/A

4 terms

Restricted Stock financial

"The company withheld 1,887 shares of Restricted Stock at $63.53 per share"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

tax-withholding disposition financial

"the company withheld 1,887 shares of Restricted Stock in a tax-withholding disposition"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Common Stock in 401K Plan financial

"about 1,002.978 Common Stock shares in a 401K plan"

Form 4/A regulatory

"previously granted and reported on Form 4"

Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 03:02 PM Accepted by SEC EDGAR 07/02/2026 - 03:02 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)

300 WENTWORTH DRIVE

(Street)

GREENSBORO NORTH CAROLINA 27408

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026

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

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

4. If Amendment, Date of Original Filed (Month/Day/Year)
07/02/2026

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
Restricted Stock	06/29/2026		F		1,887(1)	D	$63.53	14,506	D
Common Stock								20,472	D
Common Stock in 401K Plan								1,002.978	D

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 withheld by the Company to satisfy income taxes on shares previously granted and reported on Form 4.

	/s/ Anna L. Miller, Attorney in-fact	07/02/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did FBNC CFO Elizabeth B. Bostian report?

Elizabeth B. Bostian reported a tax-withholding disposition of FBNC Restricted Stock. The company withheld 1,887 shares at $63.53 per share to satisfy income taxes on previously granted stock, rather than any discretionary open-market sale or purchase.

How many FBNC shares were withheld for taxes in this Form 4/A?

The company withheld 1,887 Restricted Stock shares of FBNC from the CFO. These shares, valued at $63.53 per share, were used to cover income tax obligations tied to previously granted equity awards already reported on an earlier Form 4.

Did the FBNC CFO buy or sell shares on the open market in this filing?

No open-market trades occurred in this filing. The only reportable event was a tax-withholding disposition, where FBNC withheld 1,887 Restricted Stock shares to pay income taxes on prior equity grants, a common non-discretionary compensation-related transaction.

What are Elizabeth B. Bostian’s FBNC share holdings after the reported tax withholding?

After the tax withholding, she directly holds 14,506 Restricted Stock shares, 20,472 Common Stock shares, and approximately 1,002.978 Common Stock shares in a 401K plan. These figures show her remaining equity position following the compensation-related share withholding.

Why were FBNC Restricted Stock shares withheld from the CFO in this Form 4/A?

The shares were withheld to satisfy income tax obligations on previously granted Restricted Stock. According to the footnote, FBNC used 1,887 shares as payment in kind for taxes, a routine mechanism often used when equity awards vest.

What does transaction code F mean in the FBNC Form 4/A filing?

Transaction code F indicates a payment of exercise price or tax liability by delivering securities. In this FBNC filing, it reflects the company withholding 1,887 Restricted Stock shares from the CFO to cover income taxes, rather than an elective stock sale.