[Form 4] FIRST BANCORP /NC/ Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST BANCORP /NC/ director and First Bank CEO Gregory A. Currie reported a routine tax-withholding transaction involving restricted stock. On June 29, 2026, 2,096 shares of Restricted Stock were withheld at $63.53 per share to satisfy income taxes on previously granted shares.
This was recorded as a tax-withholding disposition, not an open-market sale. After these entries, Currie directly holds 31,022 shares of restricted stock, 33,138 shares of common stock, and 3,918.36 shares of common stock in a 401K plan.
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 |
|---|---|---|---|---|
| Tax Withholding | Restricted Stock | 2,096 | $63.53 | $133K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock in 401K Plan | -- | -- | -- |
Holdings After Transaction:
Restricted Stock — 31,022 shares (Direct, null);
Common Stock — 33,138 shares (Direct, null);
Common Stock in 401K Plan — 3,918.36 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 2,096 shares
Withholding share value: $63.53/share
Restricted stock after transaction: 31,022 shares
+2 more
5 metrics
Tax-withheld shares
2,096 shares
Restricted Stock withheld for income taxes on Jun. 29, 2026
Withholding share value
$63.53/share
Value applied to 2,096 restricted shares withheld for taxes
Restricted stock after transaction
31,022 shares
Direct restricted stock holdings following tax-withholding disposition
Common stock holdings
33,138 shares
Direct common stock position as of Jun. 29, 2026
401K plan common stock
3,918.36 shares
Common Stock in 401K Plan as of Jun. 29, 2026
Key Terms
Restricted Stock, tax-withholding disposition, 401K Plan, income taxes
4 terms
Restricted Stock financial
"On June 29, 2026, 2,096 shares of Restricted Stock were withheld"
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
"This was recorded as a tax-withholding disposition, not an open-market sale"
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
"3,918.36 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.
income taxes financial
"shares withheld by the Company to satisfy income taxes on shares previously granted"
Income taxes are charges levied by governments on the earnings of individuals and companies, effectively taking a portion of profits or wages much like a recurring bill or toll on money coming in. They matter to investors because higher taxes reduce the cash a company can keep, pay out as dividends or reinvest for growth, and therefore directly affect profitability, valuation and future returns.
FAQ
What insider transaction did FBNC executive Gregory A. Currie report?
Gregory A. Currie reported a tax-withholding disposition of restricted stock. The company withheld shares to cover income taxes on previously granted awards, rather than executing an open-market sale, which is a common administrative step for equity compensation.
What is Gregory Currie’s total direct common stock holding in FBNC?
Gregory Currie directly holds 33,138 shares of common stock, separate from his restricted stock. In addition, he holds 3,918.36 shares of common stock in a 401K plan, as shown in the Form 4 holding entries dated June 29, 2026.