First Bancorp CAO awarded 1,087 restricted shares
Hicks Thomas Brent reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Hicks Thomas Brent reported acquisition or exercise transactions in this Form 4 filing.
FIRST BANCORP /NC/ Chief Accounting Officer Hicks Thomas Brent received a grant of 1,087 shares of Restricted Stock valued at $62.03 per share. The award was made under the company’s Long Term Incentive Plan, and these shares are scheduled to vest on July 10, 2029.
Insider Trade Summary
Grant/Award: 1,087 shares
Grant/Award
3 txns
Insider
Hicks Thomas Brent
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock | 1,087 | $62.03 | $67K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock — 4,781 shares (Direct);
Common Stock — 1,948.427 shares (Direct)
Footnotes (1)
- F1. Represents shares of Common Stock granted under the Company's Long Term Incentive Plan. The shares vest on July 10, 2029.
Key Figures
Restricted stock grant: 1,087 shares
Grant valuation price: $62.03 per share
Restricted shares after grant: 4,781 shares
+1 more
4 metrics
Restricted stock grant
1,087 shares
Grant of Restricted Stock to Chief Accounting Officer
Grant valuation price
$62.03 per share
Value per Restricted Stock share on grant
Restricted shares after grant
4,781 shares
Restricted Stock held directly after transaction
Vesting date
July 10, 2029
Scheduled vesting date of Restricted Stock grant
Key Terms
Restricted Stock, Long Term Incentive Plan, vesting, Common Stock
4 terms
Restricted Stock financial
"security_title": "Restricted Stock""
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."
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.
vesting financial
"The shares vest on July 10, 2029."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FBNC disclose for Hicks Thomas Brent?
FIRST BANCORP /NC/ reported that Chief Accounting Officer Hicks Thomas Brent received 1,087 shares of Restricted Stock. The grant is compensation under the Long Term Incentive Plan, rather than an open-market purchase or sale of FBNC common shares.
At what price was the FBNC restricted stock grant to the CAO valued?
The 1,087 Restricted Stock shares granted to FBNC’s Chief Accounting Officer were valued at $62.03 per share. This price is typically the fair market value on the grant date for accounting and compensation purposes, not an amount paid by the executive.
Is the FBNC Form 4 transaction a buy or sell of common stock?
The FBNC Form 4 shows a grant of 1,087 Restricted Stock shares to the Chief Accounting Officer, coded as an acquisition award. It does not report any open-market buying or selling of common stock by the executive in this filing excerpt.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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