Form 4: EVP, CFO Elder Disposes FNLC Shares for Tax Liability

First Bancorp's EVP and CFO, Richard M. Elder, disposed of 651 shares of common stock to cover tax liabilities related to an equity award.

Summary

• Richard M. Elder, EVP and CFO of First Bancorp, Inc. (FNLC), reported a transaction involving the company's common stock.
• On January 27, 2026, Elder disposed of 651 shares of common stock at a price of $27.1 per share.
• This transaction was coded as 'F', indicating the payment of tax liability by delivering or withholding securities incident to the exercise of a derivative security or the vesting of a restricted stock award.
• Following this transaction, Elder directly owns 17,217 shares of common stock.
• Additionally, Elder indirectly holds 2,562.6257 shares through an Employee Stock Purchase Plan and 9,137.387 shares through a 401(k) Plan.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance or future prospects.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction, common across all industries for executives receiving equity compensation. It does not directly relate to broader industry trends beyond standard executive compensation practices.

Comparison to Industry Standards

• This is a routine insider transaction for tax purposes, common across publicly traded companies.
• No specific comparable companies, projects, or results are relevant here as the transaction type is standard across industries for equity compensation.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes, not a discretionary sale.

Key Dates

Recommendation

The reported transaction is a routine disposition of shares by an executive to cover tax liabilities associated with equity compensation. This type of transaction is common and generally does not reflect a change in the executive's confidence in the company or its future prospects, nor does it typically impact the company's fundamentals. Therefore, it does not provide a basis for altering an existing investment recommendation.

Keywords

First Bancorp, FNLC, Richard M. Elder, Insider Transaction, Form 4, Stock Disposition, CFO, Equity Compensation, Tax Liability