Form 4: First Bancorp CEO Sells Shares for Tax Obligations

First Bancorp's President and CEO, Tony C. McKim, disposed of 2,243 shares of common stock to cover tax withholding obligations.

Summary

• Tony C. McKim, President & CEO and Director of First Bancorp, Inc. (FNLC), reported a transaction on January 27, 2026.
• McKim disposed of 2,243 shares of First Bancorp Common Stock at a price of $27.1 per share.
• This disposition was made to satisfy tax withholding obligations, indicated by transaction code 'F'.
• Following the transaction, McKim directly beneficially owns 120,473 shares of Common Stock.
• Additionally, McKim indirectly beneficially owns 13,861.175 shares through a 401(k) Plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which does not inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

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

Industry Context

This filing reports a routine insider transaction for tax withholding purposes, which is common across all industries and does not provide specific insights into broader industry trends or competitive landscape for First Bancorp, Inc.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary sale for tax purposes and does not reflect a change in management's confidence in the company.

Key Dates

Keywords

First Bancorp, FNLC, Tony C. McKim, Insider Transaction, Form 4, Stock Sale, Tax Withholding, Common Stock