Form 4: First Bancorp Director Gifts Shares to Children

First Bancorp Director Robert B. Gregory gifted 3,000 shares of common stock to his four adult children.

Summary

• Robert B. Gregory, a Director of First Bancorp, Inc. (FNLC), reported a series of gift transactions.
• On December 9, 2025, Mr. Gregory gifted 750 shares of common stock to each of his four adult children, totaling 3,000 shares.
• The shares were transferred from his Employee Stock Purchase Plan (ESPP) to a brokerage account on December 8, 2025, before being gifted.
• The transaction price for these gifts was $0 per share.
• Following these transactions, Mr. Gregory directly beneficially owns 6,347 shares of common stock.
• He also indirectly beneficially owns 47,272.8055 shares through an Employee Stock Purchase Plan and 480 shares indirectly by his spouse.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine insider transaction (gifting) for personal estate planning purposes, with no direct positive or negative implications for the company's operational or financial performance.

Positives

• The gifting of shares can be seen as a form of estate planning and potentially aligns family interests with the company's long-term success.

Negatives

• The direct beneficial ownership of the director decreased by 3,000 shares, which represents a reduction in his direct stake in the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

This is an insider transaction filing (Form 4) and does not provide broader industry context. It reflects a personal financial decision by a director rather than a corporate strategic move.

Related Party Transactions

• Gifting of common stock to four adult children of the reporting person.

Stakeholder Impact

• Shareholders: Minimal direct impact on the company's operations or valuation. The reduction in direct insider ownership is minor relative to total shares outstanding.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Key Dates

Keywords

First Bancorp, FNLC, Robert B. Gregory, Director, Stock Gift, Insider Transaction, Form 4, Common Stock, Beneficial Ownership