First Bancorp (FBNC) CEO granted 4,679 restricted shares in equity award

Rhea-AI Filing Summary

First Bancorp (FBNC) reports an equity award to its CEO. Chief Executive Officer and director Gregory A. Currie received 4,679 shares of restricted stock on January 27, 2026 at $56.68 per share under the Company's Annual Incentive Plan.

The restricted shares will vest in three equal installments on January 5, 2027, 2028 and 2029. After this grant, Currie beneficially owns 25,379 shares of restricted stock, 30,409 shares of common stock, and 3,644.55 shares of common stock in a 401(k) plan, all held directly.

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

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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 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Exec. Officer-First Bank

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		4,679	A	$56.68(1)	25,379	D
Common Stock								30,409	D
Common Stock in 401K Plan								3,644.55	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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FAQ

What insider transaction did First Bancorp (FBNC) report for its CEO?

First Bancorp reported an equity grant to CEO Gregory A. Currie. On January 27, 2026 he received 4,679 restricted shares of common stock at $56.68 per share under the Company's Annual Incentive Plan, increasing his directly held restricted stock position.

How do the new restricted stock awards for FBNC's CEO vest?

The 4,679 restricted shares vest in three equal annual installments. The award will vest one-third per year on January 5, 2027, January 5, 2028, and January 5, 2029, aligning the CEO's compensation with longer-term company performance over several years.

How many First Bancorp (FBNC) shares does CEO Gregory Currie now beneficially own?

After the reported grant, Currie holds several categories of FBNC stock. He beneficially owns 25,379 restricted shares, 30,409 shares of common stock, and 3,644.55 shares of common stock in a 401(k) plan, all reported as directly owned positions.

What type of plan granted the new FBNC restricted stock to the CEO?

The award was granted under First Bancorp's Annual Incentive Plan. The Form 4 notes that the 4,679 restricted shares of common stock represent an incentive grant, with time-based vesting over three years to encourage ongoing service and performance by the Chief Executive Officer.

Did the Form 4 filing show any stock sales by the FBNC CEO?

The filing reports an award of restricted stock, not a sale. The only transaction coded is an acquisition (code "A") of 4,679 restricted shares. Additional common stock and 401(k) holdings are disclosed as beneficially owned positions without reported dispositions.