FBNC (FBNC) CEO Moore uses 2,096 restricted shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST BANCORP /NC/ Chief Executive Officer Richard H. Moore reported updated share holdings in a Form 4. The filing shows a disposition of 2,096 shares of restricted stock valued at $63.53 per share, used as a tax-withholding payment related to equity compensation rather than an open-market sale.
After this tax-withholding disposition, Moore directly holds 56,941 shares of restricted stock, 106,206 shares of common stock, and 18,711.237 shares of common stock in a 401K plan. The filing reflects routine compensation and tax mechanics while confirming his continuing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
MOORE RICHARD H
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Restricted Stock | 2,096 | $63.53 | $133K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock in 401K Plan | -- | -- | -- |
Holdings After Transaction:
Restricted Stock — 56,941 shares (Direct, null);
Common Stock — 106,206 shares (Direct, null);
Common Stock in 401K Plan — 18,711.237 shares (Direct, null)
Footnotes (1)
Key Figures
Tax-withheld shares: 2,096 shares
Tax-withholding price: $63.53 per share
Restricted stock holdings: 56,941 shares
+2 more
5 metrics
Tax-withheld shares
2,096 shares
Restricted Stock used for tax withholding
Tax-withholding price
$63.53 per share
Value assigned to restricted shares for tax withholding
Restricted stock holdings
56,941 shares
Restricted Stock after transaction
Common stock holdings
106,206 shares
Common Stock after transaction
401K plan holdings
18,711.237 shares
Common Stock in 401K Plan after transaction
Key Terms
Restricted Stock, tax-withholding disposition, 401K Plan
3 terms
Restricted Stock financial
"The filing shows a disposition of 2,096 shares of restricted stock valued 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 filing shows a disposition of 2,096 shares of restricted stock valued at $63.53 per share, used as a tax-withholding payment"
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.
401K Plan financial
"18,711.237 shares of common stock in a 401K plan"
A 401(k) plan is an employer-sponsored retirement savings account that lets workers set aside part of their paycheck into investments, often with tax breaks and sometimes with matching contributions from the employer. Think of it as a workplace piggy bank that grows through employee contributions, optional company top-ups, and market returns; it matters to investors because it shapes household retirement security, drives large flows of money into public markets, and affects a company’s compensation costs and ability to attract and keep talent.
FAQ
What insider transaction did FBNC CEO Richard H. Moore report on this Form 4?
Richard H. Moore reported a tax-withholding disposition of 2,096 shares of restricted stock. The shares, valued at $63.53 each, were delivered to cover tax obligations tied to equity compensation rather than sold in the open market.
Did the FBNC CEO buy or sell common stock in the market in this Form 4?
The Form 4 does not show any open-market purchases or sales of common stock. It reports a tax-withholding disposition of restricted stock and lists updated common stock holdings, which are recorded as direct ownership positions.
What are Richard H. Moore’s FBNC common stock holdings after this filing?
Following the reported transactions, Richard H. Moore directly holds 106,206 shares of common stock. The filing also shows 18,711.237 shares of common stock held in a 401K plan, reflecting his ongoing equity exposure to First Bancorp /NC/.