First Bancorp (FBNC) CEO logs 347-share tax withholding on vested stock

Rhea-AI Filing Summary

First Bancorp (FBNC) chief executive Richard H. Moore reported a small change in his holdings due to tax withholding on equity compensation. On January 5, 2026, 347 shares of common stock were withheld at $51.96 per share to cover estimated income taxes triggered by the vesting of restricted shares, rather than being sold in the open market. Following this transaction, he directly holds 138,058.0394 shares of common stock, plus 17,755.15 shares of common stock in a 401(k) plan, reflecting his ongoing ownership stake in the company.

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^*

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)
01/05/2026

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
Common Stock	01/05/2026	01/07/2026	F		347(1)	D	$51.96	138,058.0394	D
Common Stock in 401K Plan								17,755.15	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 that were withheld to satisfy estimated income taxes on vesting Restricted Shares.

	/s/ Anna L. Miller, Attorney in-fact	01/07/2026
	** 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.

FAQ

What insider transaction did FIRST BANCORP (FBNC) report on this Form 4?

The Form 4 reports that Chief Executive Officer Richard H. Moore had 347 shares of common stock withheld on January 5, 2026 to satisfy estimated income taxes due upon the vesting of restricted shares.

Was the FIRST BANCORP (FBNC) CEO’s Form 4 transaction an open market sale?

No. A footnote explains that the 347 shares represent shares withheld to satisfy estimated income taxes on vesting restricted shares, not a discretionary open market sale.

How many FIRST BANCORP (FBNC) common shares does the CEO hold after the reported transaction?

After the tax withholding, Richard H. Moore beneficially owns 138,058.0394 shares of common stock directly.

What are the FIRST BANCORP (FBNC) CEO’s holdings in the 401(k) plan?

The filing shows 17,755.15 shares of common stock in a 401(k) plan, held directly for the benefit of Richard H. Moore.

What is the transaction code used in this FIRST BANCORP (FBNC) Form 4 filing?

The transaction is coded "F", which in this context reflects shares withheld for tax obligations related to equity compensation vesting.

What roles does the reporting person hold at FIRST BANCORP (FBNC)?

The reporting person, Richard H. Moore, is listed as both a director and an officer, serving as the company’s Chief Executive Officer.