First Bancorp (FBNC) CEO reports 488-share tax withholding on vesting

Rhea-AI Filing Summary

First Bancorp executive Gregory A. Currie, who serves as Chief Executive Officer of First Bank and as a director, reported a routine equity compensation-related transaction. On January 5, 2026, 488 shares of restricted stock were withheld at a price of $51.96 per share to cover estimated income taxes due upon the vesting of restricted shares, rather than being sold in the open market. Following this withholding, he beneficially owned 20,700 shares of restricted stock directly. He also directly holds 30,319.84 shares of common stock and 3,644.55 shares of common stock in a 401(k) plan, reflecting his ongoing equity stake in First Bancorp.

Insights

Equity compensation and insider trading analyst

Routine tax withholding on vested stock, not an open-market sale.

The filing shows that First Bancorp CEO and director Gregory A. Currie had 488 shares of restricted stock withheld on January 5, 2026 at $51.96 per share, coded as transaction type F. The footnote clarifies these shares were used to satisfy estimated income taxes upon vesting, which is a standard administrative feature of equity compensation plans.

After this event, he directly beneficially owned 20,700 shares of restricted stock, plus 30,319.84 shares of common stock and 3,644.55 shares of common stock in a 401(k) plan. Because the withholding did not involve discretionary selling into the market, and his overall holdings remain significant, this looks like a routine compliance transaction rather than a thesis-changing insider move.

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
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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^*

CURRIE GREGORY A

(Last) (First) (Middle)

1814 ST. ANDREWS ROAD

(Street)

GREENSBORO NC 27408

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Exec. Officer-First Bank

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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

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
Restricted Stock	01/05/2026	01/07/2026	F		488(1)	D	$51.96	20,700	D
Common Stock								30,319.84	D
Common Stock in 401K Plan								3,644.55	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 that were withheld to satisfy estimated income taxes on vesting Restricted Shares.

	/s/ Anna L. Miller, Attorney in-fact	01/07/2026
	** 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.

FAQ

Who is the insider reporting this Form 4 transaction for FBNC?

The reporting person is Gregory A. Currie, who serves as a director of First Bancorp and as Chief Executive Officer of First Bank, the company’s banking subsidiary.

What type of transaction did Gregory A. Currie report for FBNC on January 5, 2026?

He reported a Form 4 transaction coded F, indicating 488 shares of restricted stock were withheld on January 5, 2026 to cover estimated income taxes due upon vesting of restricted shares.

Was the FBNC CEO7s Form 4 transaction an open-market sale of shares?

No. The footnote states the 488 restricted shares were withheld to satisfy estimated income taxes on vesting, meaning it was a tax withholding event, not a discretionary open-market sale.

How many shares of FBNC restricted stock does Gregory A. Currie hold after this transaction?

Following the reported tax withholding, Gregory A. Currie beneficially owned 20,700 shares of restricted stock directly.

What additional FBNC share holdings does the CEO report in this Form 4?

In addition to restricted stock, he directly holds 30,319.84 shares of common stock and 3,644.55 shares of common stock in a 401(k) plan, all reported as directly owned.

Does the FBNC Form 4 indicate any derivative securities transactions for the CEO?

No derivative securities transactions are reported. The table for derivative securities is present but contains no entries, indicating no options or other derivatives were acquired or disposed of in this filing.