First Bancorp CEO has 2,096 shares withheld for taxes

FIRST BANCORP /NC/ director and First Bank CEO Gregory A. Currie reported a routine tax-withholding transaction involving restricted stock.

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.

Insider Trade Summary

Exercise Price or Tax Liability: 2,096 shares

Exercise Price or Tax Liability 3 txns

Insider CURRIE GREGORY A

Role Chief Exec. Officer-First Bank

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	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); Common Stock — 33,138 shares (Direct); Common Stock in 401K Plan — 3,918.36 shares (Direct)

Footnotes (1)

1. F1. Represents shares withheld by the Company to satisfy income taxes on shares previously granted and reported on Form 4.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many First Bancorp (FBNC) shares were withheld for Gregory Currie’s taxes?

The company withheld 2,096 restricted stock shares for Gregory Currie’s income taxes. These shares were valued at $63.53 per share and used to satisfy tax obligations on earlier equity grants, not as a discretionary stock sale into the market.

At what price were Gregory Currie’s withheld FBNC shares valued?

The withheld restricted shares were valued at $63.53 per share. This value applied to 2,096 shares used to cover Gregory Currie’s income tax obligations arising from previously granted stock awards, according to the Form 4 disclosure and related footnote.

How many restricted FBNC shares does Gregory Currie hold after this Form 4?

After the tax-withholding disposition, Gregory Currie directly holds 31,022 restricted shares. This figure reflects his remaining restricted stock position following the 2,096 shares withheld to pay income taxes tied to earlier equity compensation grants.

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.

Was Gregory Currie’s FBNC transaction an open-market sale of shares?

The filing characterizes the event as a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to satisfy income taxes on previously granted and reported restricted stock awards, according to the Form 4 footnote.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/02/2026 - 11:43 AM EDT Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

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 NORTH CAROLINA 27408

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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	06/29/2026		F		2,096(1)	D	$63.53	31,022	D
Common Stock								33,138	D
Common Stock in 401K Plan								3,918.36	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 withheld by the Company to satisfy income taxes on shares previously granted and reported on Form 4.

	/s/ Anna L. Miller, Attorney in-fact	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)