First Bancorp (FBNC) CEO awarded 3,959 restricted stock shares

Rhea-AI Filing Summary

First Bancorp Chief Executive Officer and director Richard H. Moore reported an equity award of company stock. On January 27, 2026, he received 3,959 shares of restricted stock at $56.68 per share under the company’s Annual Incentive Plan.

These restricted shares will vest in three equal installments on January 5, 2027, January 5, 2028, and January 5, 2029. After this grant, Moore beneficially owned 49,364 shares of common stock directly, plus 17,755.15 shares in a 401(k) plan and 96,198 shares of additional common stock, all reported as directly owned.

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^*

MOORE RICHARD H

(Last) (First) (Middle)

1917 LEWIS CIRCLE

(Street)

RALEIGH NC 27608

(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 Executive Officer

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		3,959	A	$56.68(1)	49,364	D
Common Stock in 401K Plan								17,755.15	D
Common Stock								96,198	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 FBNC CEO Richard H. Moore report?

Richard H. Moore reported receiving 3,959 shares of restricted First Bancorp common stock. The award was granted on January 27, 2026 under the company’s Annual Incentive Plan, and is structured as time-vested equity rather than an open-market purchase or sale.

How many First Bancorp (FBNC) shares were granted in this Form 4 filing?

The filing reports a grant of 3,959 restricted shares of First Bancorp common stock. These shares were valued at $56.68 per share on the grant date and are subject to a multi-year vesting schedule before becoming fully owned.

What is the vesting schedule for the FBNC restricted stock award?

The 3,959 restricted shares vest in three equal installments. One-third will vest on January 5, 2027, another third on January 5, 2028, and the final third on January 5, 2029, encouraging longer-term retention and alignment with shareholders.

How many First Bancorp shares does the CEO own after this transaction?

After the reported grant, Richard H. Moore beneficially owned 49,364 shares of common stock directly, 17,755.15 shares of common stock in a 401(k) plan, and 96,198 additional shares of common stock, all listed as directly owned interests in the filing.

Was the FBNC CEO buying or selling shares in this Form 4?

The reported activity is an award of restricted stock, not a market purchase or sale. The CEO received 3,959 restricted shares as compensation under the Annual Incentive Plan, with future vesting dates rather than immediate trading activity.

What compensation plan is referenced in this First Bancorp Form 4?

The grant is made under First Bancorp’s Annual Incentive Plan. The filing notes that the 3,959 shares of common stock are restricted stock awarded pursuant to this plan, with vesting in three equal tranches from January 2027 through January 2029.