Form 4: First Bancorp CEO Tony C. McKim Reports Stock Transaction

First Bancorp CEO Tony C. McKim disposed of 1,870 shares of common stock on January 28, 2025, while still holding a significant amount of shares directly and indirectly.

Summary

• Tony C. McKim, the President and CEO of First Bancorp, Inc, reported a transaction involving the company's common stock.
• On January 28, 2025, Mr. McKim disposed of 1,870 shares of common stock at a price of $25.74 per share.
• Following this transaction, Mr. McKim directly owns 113,350 shares of First Bancorp common stock.
• Additionally, Mr. McKim indirectly owns 13,088.332 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transaction by an executive, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transaction is a relatively small percentage of the total shares held by the CEO, which is not unusual for executive stock transactions.

Stakeholder Impact

• This transaction may have a minor impact on shareholders, as it reflects a small sale of shares by the CEO.

Key Dates

Keywords

First Bancorp, Tony C. McKim, stock transaction, Form 4, insider trading, common stock, executive, share disposal