FIRST BANCORP (NASDAQ: FBNC) CEO awarded 7,739 restricted shares at $62.03
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CURRIE GREGORY A reported acquisition or exercise transactions in this Form 4 filing.
FIRST BANCORP /NC/ director and executive Gregory A. Currie reported an equity compensation grant. He received 7,739 shares of Restricted Stock at a reference price of $62.03 per share as a grant or award. The filing shows his direct holdings of this Restricted Stock increased to 33,118 shares after the award. It also lists 30,409 shares of Common Stock held directly and 3,918.36 shares of Common Stock in a 401(k) plan as of the same date. The granted shares were issued under the company’s Long Term Incentive Plan and are scheduled to vest on July 10, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
CURRIE GREGORY A
Role
Chief Exec. Officer-First Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock | 7,739 | $62.03 | $480K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock in 401K Plan | -- | -- | -- |
Holdings After Transaction:
Restricted Stock — 33,118 shares (Direct, null);
Common Stock — 30,409 shares (Direct, null);
Common Stock in 401K Plan — 3,918.36 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted Stock grant size: 7,739 shares
Grant reference price: $62.03 per share
Restricted Stock holdings after grant: 33,118 shares
+3 more
6 metrics
Restricted Stock grant size
7,739 shares
Grant/award acquisition on June 23, 2026
Grant reference price
$62.03 per share
Restricted Stock award pricing
Restricted Stock holdings after grant
33,118 shares
Total direct Restricted Stock after award
Direct Common Stock holding
30,409 shares
Common Stock position as of June 23, 2026
Common Stock in 401(k) plan
3,918.36 shares
Common Stock held in 401(k) as of June 23, 2026
Vesting date for grant
July 10, 2029
Restricted Stock vesting under Long Term Incentive Plan
Key Terms
Restricted Stock, Long Term Incentive Plan, 401(k) plan, grant, award, or other acquisition
4 terms
Restricted Stock financial
"He received 7,739 shares of Restricted Stock at a reference price"
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.
Long Term Incentive Plan financial
"granted under the Company's Long Term Incentive Plan. The shares vest"
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
401(k) plan financial
"3,918.36 shares of Common Stock in a 401(k) plan as of"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did FBNC executive Gregory A. Currie report?
Gregory A. Currie reported receiving 7,739 shares of Restricted Stock in FIRST BANCORP /NC/. The shares were granted as equity compensation, not purchased on the open market, and are part of the company’s Long Term Incentive Plan.
At what price was the Restricted Stock grant to FBNC’s Gregory A. Currie recorded?
The Restricted Stock grant to Gregory A. Currie was recorded at $62.03 per share. This figure reflects the award’s reference price in the Form 4 and does not indicate an open-market purchase transaction.
What are Gregory A. Currie’s reported FBNC Common Stock holdings outside the Restricted Stock grant?
The Form 4 shows Gregory A. Currie holding 30,409 shares of Common Stock directly and 3,918.36 shares of Common Stock in a 401(k) plan. These balances are reported as of the same transaction date.