FBNC CFO granted 2,400 restricted shares

First Bancorp (FBNC) Chief Financial Officer Elizabeth B. Bostian received a grant of 2,400 shares of restricted stock on January 27, 2026 at $56.68 per share.

Accepted by SEC EDGAR 01/29/2026 - 09:47 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

First Bancorp (FBNC) Chief Financial Officer Elizabeth B. Bostian received a grant of 2,400 shares of restricted stock on January 27, 2026 at $56.68 per share. These shares were awarded under the company’s Annual Incentive Plan.

The grant vests in three equal installments, with one-third of the shares vesting on January 5, 2027, one-third on January 5, 2028, and the remaining third on January 5, 2029, aligning the CFO’s compensation with longer-term company performance.

Insider Trade Summary

Grant/Award: 2,400 shares

Grant/Award 1 txn

Insider Bostian Elizabeth B

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock	2,400	$56.68	$136K
Holding	Common Stock	--	--	--
Holding	Common Stock in 401K Plan	--	--	--

Holdings After Transaction: Restricted Stock — 15,462 shares (Direct); Common Stock — 18,017 shares (Direct); Common Stock in 401K Plan — 995.4 shares (Direct)

Holdings Before and After: Restricted Stock, 13,062 to 15,462 shares (Direct)

Footnotes (1)

1. F1. Represents shares of common stock granted under the Company's Annual Incentive Plan. The shares will vest 1/3 per year on January 5, 2027, 2028 and 2029.

FAQ

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What did FBNC’s CFO report in the latest Form 4 filing?

First Bancorp’s CFO, Elizabeth B. Bostian, reported receiving 2,400 shares of restricted stock. The award was granted under the company’s Annual Incentive Plan and reflects equity-based compensation that aligns her interests with long-term shareholder value over a multi-year vesting period.

How many FBNC restricted shares were granted to the CFO and at what price?

The CFO received 2,400 restricted shares of First Bancorp common stock at $56.68 per share. This equity grant represents part of her incentive compensation, designed to tie a portion of her pay directly to the company’s stock performance and future results.

When do the newly granted FBNC restricted shares vest for the CFO?

The 2,400 restricted shares vest in three equal installments. One-third vests on January 5, 2027, another third on January 5, 2028, and the final third on January 5, 2029, creating a structured, long-term incentive horizon for the executive.

Under which plan were the FBNC restricted shares granted to the CFO?

The restricted shares were granted under First Bancorp’s Annual Incentive Plan. This plan provides equity awards as part of executive compensation, linking pay to performance and encouraging retention through multi-year vesting conditions tied to continued service and company outcomes.

Does the FBNC Form 4 indicate the CFO’s ownership is direct or indirect?

The Form 4 shows the CFO’s new 2,400 restricted shares as directly owned. Direct ownership means the shares are reported in her name, reflecting personal beneficial ownership rather than being held through a separate trust, partnership, or similar indirect entity.

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

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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^*

Bostian Elizabeth B

(Last) (First) (Middle)

300 WENTWORTH DRIVE

(Street)

GREENSBORO NC 27408

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2026

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	01/27/2026		A		2,400	A	$56.68(1)	15,462	D
Common Stock								18,017	D
Common Stock in 401K Plan								995.4	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 will vest 1/3 per year on January 5, 2027, 2028 and 2029.

	/s/ Anna L. Miller, Attorney in-fact	01/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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