First Bancorp (FBNC) CEO awarded 9,673 restricted shares in long-term equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MOORE RICHARD H reported acquisition or exercise transactions in this Form 4 filing.
FIRST BANCORP /NC/ Chief Executive Officer Richard H. Moore reported a new equity award and updated share holdings. On June 23, 2026, he received 9,673 shares of Restricted Stock at $62.03 per share as a grant under the company’s Long Term Incentive Plan. These shares are scheduled to vest on July 10, 2029. Following this award, Moore directly holds 59,037 Restricted Stock shares, 96,198 Common Stock shares, and 18,711.237 shares of Common Stock in a 401K Plan, reflecting his overall equity stake in the company through compensation and retirement holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
MOORE RICHARD H
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock | 9,673 | $62.03 | $600K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock in 401K Plan | -- | -- | -- |
Holdings After Transaction:
Restricted Stock — 59,037 shares (Direct, null);
Common Stock — 96,198 shares (Direct, null);
Common Stock in 401K Plan — 18,711.237 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted Stock grant: 9,673 shares
Grant price: $62.03 per share
Restricted Stock holdings: 59,037 shares
+3 more
6 metrics
Restricted Stock grant
9,673 shares
Grant under Long Term Incentive Plan on June 23, 2026
Grant price
$62.03 per share
Price for 9,673 Restricted Stock shares
Restricted Stock holdings
59,037 shares
Total Restricted Stock directly held after grant
Common Stock holdings
96,198 shares
Direct Common Stock position after reported entries
401K Common Stock
18,711.237 shares
Common Stock held in 401K Plan
Vesting date
July 10, 2029
Vest date for 9,673 Restricted Stock shares
Key Terms
Restricted Stock, Long Term Incentive Plan, 401K Plan
3 terms
Restricted Stock financial
"Restricted Stock granted under the Company's Long Term Incentive Plan."
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. The shares vest on July 10, 2029."
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.
FAQ
What insider transaction did FBNC CEO Richard H. Moore report on this Form 4?
Richard H. Moore reported receiving a grant of 9,673 shares of Restricted Stock. The award was made under First Bancorp’s Long Term Incentive Plan and reflects compensation, not an open-market purchase or sale of FBNC shares.
At what price and under what plan was the FBNC restricted stock granted to the CEO?
The CEO’s 9,673 Restricted Stock shares were granted at $62.03 per share. They were issued under First Bancorp’s Long Term Incentive Plan, which is used to deliver equity-based compensation to senior executives over multi-year periods.
What are Richard H. Moore’s total direct FBNC common stock holdings after the reported updates?
Following the reported entries, Richard H. Moore directly holds 96,198 shares of Common Stock. These shares are separate from his Restricted Stock and 401K Plan holdings and represent his fully owned, non-restricted equity stake in First Bancorp.