FNLC CIO reports 749-share tax withholding move
First Bancorp, Inc. EVP and Chief Information Officer Tammy L. Plummer reported routine share movements involving company common stock.
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Form Type
4
Rhea-AI Filing Summary
First Bancorp, Inc. EVP and Chief Information Officer Tammy L. Plummer reported routine share movements involving company common stock. The filing shows a tax-withholding disposition of 749 shares at $34.82 per share to satisfy tax obligations, leaving 13,993 shares held directly.
She also reports indirect holdings of 10,169.138 shares through a 401(k) plan and 2,174.8795 shares through an employee stock purchase plan. The disposition is categorized as payment of exercise price or tax liability by delivering securities, rather than an open-market sale.
Insider Trade Summary
Exercise Price or Tax Liability: 749 shares
Exercise Price or Tax Liability
3 txns
Insider
Plummer Tammy L
Role
EVP, Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 749 | $34.82 | $26K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 13,993 shares (Direct);
Common Stock — 2,174.8795 shares (Indirect, Through Employee Stock Purchase Plan);
Common Stock — 10,169.138 shares (Indirect, Through 401(k) Plan)
Key Figures
Tax-withholding shares: 749 shares
Tax-withholding price: $34.82/share
Direct shares after disposition: 13,993 shares
+2 more
5 metrics
Tax-withholding shares
749 shares
Disposition coded F to cover tax obligations
Tax-withholding price
$34.82/share
Value used for 749-share tax-withholding disposition
Direct shares after disposition
13,993 shares
Direct ownership following tax-withholding transaction
401(k) plan holdings
10,169.138 shares
Indirect ownership through 401(k) plan
ESPP holdings
2,174.8795 shares
Indirect ownership through Employee Stock Purchase Plan
Key Terms
tax-withholding disposition, Employee Stock Purchase Plan, 401(k) Plan, Form 4
4 terms
tax-withholding disposition financial
"The filing shows a tax-withholding disposition of 749 shares at $34.82 per share"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Employee Stock Purchase Plan financial
"through Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
401(k) Plan financial
"indirect holdings of 10,169.138 shares through a 401(k) plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Form 4 regulatory
"After this Form 4 filing, Tammy L. Plummer holds 13,993 shares"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FNLC executive Tammy L. Plummer report?
Tammy L. Plummer reported a tax-withholding disposition of 749 shares of First Bancorp, Inc. common stock at $34.82 per share. This settled tax obligations by delivering shares instead of cash, and is not an open-market sale.
What indirect FNLC holdings does Tammy L. Plummer report on this Form 4?
Tammy L. Plummer reports 10,169.138 shares held indirectly through a 401(k) plan and 2,174.8795 shares through an employee stock purchase plan. These indirect positions supplement her direct holdings in First Bancorp, Inc. common stock.
What does the F transaction code mean in Tammy L. Plummer’s FNLC filing?
The F transaction code indicates a tax-withholding disposition, where shares are delivered to cover exercise price or tax liabilities. In this filing, 749 shares of First Bancorp, Inc. common stock were used for that purpose, rather than being sold in the open market.
Does this FNLC Form 4 show any open-market buys or sells by Tammy L. Plummer?
No open-market purchases or sales are shown. The filing reports one F-coded tax-withholding disposition of 749 shares and two holding entries for 401(k) and employee stock purchase plan shares, without any open-market buy or sell transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
