[Form 4] First Bancorp/NC Insider Trading Activity

Rhea-AI Filing Summary

Form 4 Overview — First Bancorp (FBNC)

On 06/24/2025, Chief Banking Officer Gregory A. Currie reported the acquisition of 7,717 shares of First Bancorp common stock through the company’s Long-Term Incentive Plan at a stated price of $42.12 per share. The award is scheduled to vest on 06/24/2028.

After the transaction, Currie’s direct ownership increased to 33,381 shares, and he continues to hold 2,776.412 shares indirectly through the company 401(k) plan. No dispositions or derivative-security transactions were reported.

The filing represents a routine equity incentive grant that aligns executive and shareholder interests but does not indicate any immediate change in the company’s financial outlook.

Positive

• 7,717 shares acquired by Chief Banking Officer under the LTIP, increasing direct ownership to 33,381 shares and signaling stronger management–shareholder alignment.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine LTIP grant; boosts insider stake, no sales; neutral impact on valuation and liquidity.

The Form 4 shows a standard long-term incentive award rather than an open-market purchase. Although the 7,717-share grant lifts Currie’s direct holdings to 33,381 shares, the issuance is non-cash and vests over three years, limiting near-term float effects. No sales were executed, so there is no negative signal regarding insider confidence. Overall, the action modestly strengthens management-shareholder alignment but is unlikely to move the stock price materially.

Corporate Governance Expert

TL;DR: Governance-friendly equity award; aligns incentives, no red flags detected.

The grant under the Long-Term Incentive Plan is consistent with common executive-compensation structures. Vesting through 2028 encourages tenure and long-term focus. The absence of derivative activity or complex ownership structures simplifies transparency for investors. Given the limited size relative to First Bancorp’s market capitalization, the event is governance-neutral with a slight positive tilt toward alignment.

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)

204 ELMWOOD DR.

(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 Banking Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

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
Common Stock	06/24/2025		A		7,717(1)	A	$42.12	33,381	D
Common Stock								2,776.412	I	401K Plan

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 June 24, 2028

	/s/ Anna L. Miller, Attorney in-fact	06/25/2025
	** 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.

FAQ

What did Chief Banking Officer Gregory A. Currie acquire in the latest FBNC Form 4?

He acquired 7,717 shares of First Bancorp common stock on 06/24/2025 under the Long-Term Incentive Plan.

At what price were the FBNC shares granted to Gregory A. Currie?

The shares were reported at a price of $42.12 each.

How many First Bancorp shares does Currie own after the transaction?

Following the grant, Currie directly owns 33,381 shares and indirectly owns 2,776.412 shares through the 401(k) plan.

When will the newly granted FBNC shares vest?

The shares are scheduled to vest on 06/24/2028.

Were any FBNC shares sold in this Form 4 filing?

No. The filing only reports an acquisition; no shares were sold or disposed of.