First Bancorp CFO receives restricted stock award

Bostian Elizabeth B reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Bostian Elizabeth B reported acquisition or exercise transactions in this Form 4 filing.

First Bancorp Chief Financial Officer Elizabeth B. Bostian reported a compensation-related equity grant. She received 3,386 shares of Restricted Stock at $62.03 per share under the company’s Long Term Incentive Plan, scheduled to vest on July 10, 2029. Following this award, her directly held common stock position reported in the filing increased to 18,848 shares, alongside 1,002.978 shares of common stock held in a 401K plan. The filing shows no open-market purchases or sales, only this grant and updated holdings.

Insider Trade Summary

Grant/Award: 3,386 shares

Grant/Award 3 txns

Insider Bostian Elizabeth B

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock	3,386	$62.03	$210K
holding	Common Stock	--	--	--
holding	Common Stock in 401K Plan	--	--	--

Holdings After Transaction: Restricted Stock — 18,848 shares (Direct); Common Stock — 18,017 shares (Direct); Common Stock in 401K Plan — 1,002.978 shares (Direct)

Footnotes (1)

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: 3,386 shares Grant reference price: $62.03 per share Post-grant common stock holdings: 18,848 shares +2 more

5 metrics

Restricted stock grant 3,386 shares Grant to CFO on June 23, 2026

Grant reference price $62.03 per share Restricted Stock under Long Term Incentive Plan

Post-grant common stock holdings 18,848 shares Direct common stock after Restricted Stock award

401K plan holdings 1,002.978 shares Common Stock in 401K plan after update

Vesting date July 10, 2029 Restricted Stock grant vesting schedule

Key Terms

Restricted Stock, Long Term Incentive Plan, 401K Plan, Form 4

4 terms

Restricted Stock financial

"She received 3,386 shares of Restricted Stock at $62.03 per share"

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.

401K Plan financial

"Common Stock in 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.

Form 4 regulatory

"What insider transaction did FBNC’s CFO report on this Form 4?"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

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

What insider transaction did FBNC’s CFO report on this Form 4?

FBNC’s CFO Elizabeth B. Bostian reported a grant of 3,386 shares of Restricted Stock as equity compensation. The award was made under First Bancorp’s Long Term Incentive Plan at a reference price of $62.03 per share.

Is the FBNC CFO’s Form 4 transaction a buy or a compensation grant?

The Form 4 shows a compensation grant, not an open-market purchase. Elizabeth B. Bostian received 3,386 Restricted Stock shares coded as an “A” transaction, indicating a grant, award, or other acquisition from the company.

When do the FBNC CFO’s newly granted Restricted Stock shares vest?

The newly granted Restricted Stock shares are scheduled to vest on July 10, 2029. Until vesting, the award typically remains subject to service or performance conditions specified in the company’s Long Term Incentive Plan.

How many FBNC shares does the CFO hold after this reported grant?

After the reported grant, Elizabeth B. Bostian holds 18,848 shares of common stock directly, plus 1,002.978 shares held in a 401K plan. These amounts reflect her reported ownership following the June 23, 2026 transactions.

Did the FBNC CFO sell any shares in this Form 4 filing?

The Form 4 does not show any sales by the CFO. The only transaction marked is an acquisition of 3,386 Restricted Stock shares, with additional entries updating her direct and 401K plan common stock holdings.

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

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Accepted by SEC EDGAR 06/25/2026 - 02:34 PM 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
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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 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2026

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	06/23/2026		A		3,386(1)	A	$62.03	18,848	D
Common Stock								18,017	D
Common Stock in 401K Plan								1,002.978	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 Long Term Incentive Plan. The shares vest on July 10, 2029.

	/s/ Anna L. Miller, Attorney in-fact	06/25/2026
	** 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)