Form 4: First Bancorp EVP Sells Shares for Tax Obligation

First Bancorp's EVP and Chief Risk Officer, Jody Lynn Brown, reported the disposition of 226 common shares at $27.1 per share to cover tax liabilities.

Summary

• Jody Lynn Brown, EVP and Chief Risk Officer of First Bancorp, Inc. (FNLC), reported a transaction on January 27, 2026.
• The transaction involved the disposition of 226 shares of Common Stock.
• The shares were disposed of at a price of $27.1 per share.
• This transaction was coded as 'F', indicating it was likely for the payment of tax liability incident to the vesting of a restricted stock award or the exercise of a stock option.
• Following the transaction, Ms. Brown directly owns 4,114 shares of Common Stock.
• Additionally, Ms. Brown indirectly owns 87.8584 shares through an Employee Stock Purchase Plan and 1,593.795 shares through a 401(k) Plan.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, which allows insiders to set up a pre-arranged plan for buying or selling company stock.

Sentiment

Score: 5

Explanation: A routine insider transaction for tax purposes, often pre-scheduled under a 10b5-1 plan. It has a neutral impact on the company's operational sentiment and does not indicate a change in executive confidence or company fundamentals.

Future Outlook

NA

Industry Context

This is a routine insider transaction for tax purposes, common across all industries for executives receiving equity compensation. It does not reflect broader industry trends or specific competitive dynamics within the banking sector.

Related Party Transactions

• Jody Lynn Brown, an executive officer of First Bancorp, Inc., disposed of 226 shares of common stock. This is a transaction between an insider and the company's securities market.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, relatively small, tax-related sale by an executive, often pre-planned. It does not signal a change in executive confidence or company fundamentals.
• Employees: No direct impact mentioned.

Key Dates

Keywords

First Bancorp, FNLC, Jody Lynn Brown, Insider Transaction, Form 4, Stock Sale, Executive Compensation, Chief Risk Officer, Rule 10b5-1