Form 4: First Bancorp Executive Sells Shares for Tax

First Bancorp's EVP, Chief Banking Officer, Sarah Tolman, disposed of 604 shares of common stock to cover tax liabilities related to equity awards.

Summary

• Sarah Tolman, Executive Vice President and Chief Banking Officer of First Bancorp, Inc. (FNLC), reported a transaction on January 27, 2026.
• The transaction involved the disposition of 604 shares of common stock at a price of $27.1 per share.
• This disposition was coded as 'F', indicating payment of tax liability by delivering or withholding securities incident to the vesting of a restricted stock award or the exercise of a stock option.
• Following this transaction, Sarah Tolman directly beneficially owns 11,826 shares of common stock.
• Additionally, she indirectly beneficially owns 51.5233 shares through an Employee Stock Purchase Plan and 5,625.54 shares through a 401(k) Plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction (sale for tax liability) which is generally neutral in sentiment regarding the company's operational performance or future prospects.

Stakeholder Impact

• The transaction represents a minor reduction in direct beneficial ownership by a key executive, which is a common occurrence for tax planning related to equity compensation.

Key Dates

Keywords

First Bancorp, FNLC, Insider Transaction, Form 4, Stock Sale, Executive Compensation, Sarah Tolman