FIRST BANCORP (FBNC) accounting chief receives 613-share restricted stock award

Rhea-AI Filing Summary

FIRST BANCORP /NC/ Chief Accounting Officer Brent Hicks reported an equity compensation grant. On March 6, 2026, he was awarded 613 shares of Restricted Stock at a reference price of $55.93 per share, classified as a grant, award, or other acquisition.

These shares were granted under the Company’s Annual Incentive Plan and vest in three equal installments, with one-third vesting in December 2027, one-third in December 2028, and the final third in December 2029. After this award, his directly held Restricted Stock position reported in the filing is 3,694 shares.

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

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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^*

Hicks Thomas Brent

(Last) (First) (Middle)

141 BAYHILL DRIVE

(Street)

ADVANCE NC 27006

(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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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	03/06/2026		A		613(1)	A	$55.93	3,694	D
Common Stock								119.38	D
Common Stock								1,682.94	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 of common stock granted under the Company's Annual Incentive Plan. The shares vest 1/3 per year on December 2027, 2028, and 2029.

	/s/ Anna L. Miller, Attorney in-fact	03/09/2026
	** 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).
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FAQ

What insider transaction did FBNC’s Brent Hicks report on this Form 4?

FBNC Chief Accounting Officer Brent Hicks reported receiving 613 shares of Restricted Stock as an equity award. The grant is recorded at $55.93 per share and is categorized as a grant, award, or other acquisition rather than an open-market stock purchase or sale.

How do the newly granted FBNC Restricted Stock shares vest for Brent Hicks?

The 613 Restricted Stock shares granted to Brent Hicks vest in three equal installments. One-third vests in December 2027, another third in December 2028, and the final third in December 2029, aligning the award with longer-term service and performance at FIRST BANCORP /NC/.

What is Brent Hicks’s Restricted Stock holding in FBNC after this award?

Following the 613-share Restricted Stock grant, Brent Hicks holds 3,694 Restricted Stock shares directly, as reported in the filing. This figure reflects his non-derivative Restricted Stock position after the transaction on March 6, 2026, excluding separate Common Stock line items also listed.

Is the FBNC Form 4 transaction a stock purchase or sale by Brent Hicks?

The Form 4 does not show an open-market purchase or sale by Brent Hicks. Instead, it reports a grant of 613 Restricted Stock shares under the company’s Annual Incentive Plan, classified as a grant, award, or other acquisition rather than a discretionary trading transaction.

What role does Brent Hicks hold at FIRST BANCORP /NC/ (FBNC)?

In this Form 4, Brent Hicks is identified as an officer of FIRST BANCORP /NC/ serving as Chief Accounting Officer. The reported 613-share Restricted Stock grant is part of his compensation structure and is awarded under the company’s established Annual Incentive Plan.