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.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 347 | $51.96 | $18K |
| holding | Common Stock in 401K Plan | -- | -- | -- |
Footnotes (1)
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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.
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.