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First Carolina (NASDAQ: FCBM) CFO reports 75,000 shares with long-term RSAs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

First Carolina Financial Services, Inc. executive Steven G. Deaton, the CFO and Chief Risk Officer, reports beneficial ownership of 75,000 shares of Common Stock. This total includes several restricted stock awards that vest over time, aligning part of his compensation with future company performance.

The holdings include 13,000 restricted stock awards granted on March 7, 2022 that vest in five annual installments beginning January 1, 2023, 4,000 granted on May 1, 2023 with five annual installments beginning January 1, 2024, and 20,000 granted on January 1, 2024 that vest in ten annual installments. They also include 20,000 granted on January 1, 2025 that vest in ten annual installments and 10,000 granted on April 1, 2026 that vest in five annual installments beginning January 1, 2027.

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Insider DEATON STEVEN G
Role CFO and Chief Risk Officer
Type Security Shares Price Value
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 75,000 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Total common stock held 75,000 shares Beneficial ownership following reported holdings
2022 restricted stock grant 13,000 RSAs Granted March 7, 2022; vest in five annual installments from January 1, 2023
2023 restricted stock grant 4,000 RSAs Granted May 1, 2023; vest in five annual installments from January 1, 2024
2024 restricted stock grant 20,000 RSAs Granted January 1, 2024; vest in ten annual installments on each anniversary
2025 restricted stock grant 20,000 RSAs Granted January 1, 2025; vest in ten annual installments on each anniversary
2026 restricted stock grant 10,000 RSAs Granted April 1, 2026; vest in five annual installments from January 1, 2027
restricted stock awards financial
"Includes (i) 13,000 restricted stock awards ("RSAs") granted on March 7, 2022..."
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
vest financial
"that vest in five substantially equal annual installments beginning on January 1, 2023..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
beneficial ownership financial
"reports beneficial ownership of 75,000 shares of Common Stock."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
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SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
DEATON STEVEN G
(Last)(First)(Middle)
C/O FIRST CAROLINA FINANCIAL SERVICES
2626 GLENWOOD AVENUE SUITE 200
(Street)
RALEIGH NORTH CAROLINA 27608
(City)(State)(Zip)
UNITED STATES
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
06/17/2026		3. Issuer Name and Ticker or Trading Symbol
First Carolina Financial Services, Inc. [ FCBM ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CFO and Chief Risk Officer
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock75,000(1)D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Includes (i) 13,000 restricted stock awards ("RSAs") granted on March 7, 2022 that vest in five substantially equal annual installments beginning on January 1, 2023 and each anniversary thereafter; (ii) 4,000 RSAs granted on May 1, 2023 that vest in five substantially equal installments beginning on January 1, 2024 and each anniversary thereafter; (iii) 20,000 RSAs granted on January 1, 2024 that vest in ten substantially equal annual installments on the first ten anniversaries of the grant date; (iv) 20,000 RSAs granted on January 1, 2025 that vest in ten substantially equal annual installments on the first ten anniversaries of the grant date; and (v) 10,000 RSAs granted on April 1, 2026 that vest in five substantially equal installments beginning on January 1, 2027 and each anniversary thereafter.
Remarks:
Exhibit 24.1 - Power of Attorney
/s/ Kristen Brabble, as attorney-in-fact06/17/2026
** Signature of Reporting PersonDate
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 5 (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.
* Form 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider position does Steven G. Deaton hold at First Carolina Financial (FCBM)?

Steven G. Deaton serves as CFO and Chief Risk Officer of First Carolina Financial Services, Inc. This senior executive role means his equity holdings and incentives are closely tied to the company’s financial performance and risk management outcomes.

How many First Carolina Financial (FCBM) shares does Steven G. Deaton report owning?

Steven G. Deaton reports beneficial ownership of 75,000 shares of First Carolina Financial Common Stock. This figure includes both unrestricted shares and multiple tranches of restricted stock awards that vest over several future years.

What restricted stock awards were granted to Steven G. Deaton in 2022 and 2023 at FCBM?

Deaton received 13,000 restricted stock awards on March 7, 2022, vesting in five annual installments from January 1, 2023, and 4,000 restricted stock awards on May 1, 2023, vesting in five annual installments from January 1, 2024.

What long-term restricted stock grants did Steven G. Deaton receive from First Carolina Financial (FCBM) in 2024 and 2025?

Deaton was granted 20,000 restricted stock awards on January 1, 2024 and another 20,000 on January 1, 2025. Each grant vests in ten substantially equal annual installments on the first ten anniversaries of its grant date.

When do Steven G. Deaton’s April 1, 2026 restricted stock awards at FCBM begin vesting?

The 10,000 restricted stock awards granted to Deaton on April 1, 2026 begin vesting on January 1, 2027. They vest in five substantially equal annual installments from that date and on each anniversary thereafter.

Does Steven G. Deaton’s Form 3 show any recent FCBM share purchases or sales?

The Form 3 primarily reports Deaton’s existing holdings of 75,000 shares and their restricted stock components. It does not identify any specific buy or sell transactions, focusing instead on his current ownership position and vesting schedule.