Form 4: First Bancorp Executive Susan A. Norton Reports Stock Transaction

EVP and CAO of First Bancorp, Susan A. Norton, reports the acquisition of 2,354 shares of common stock through a transaction on January 28, 2025.

Summary

• Susan A. Norton, EVP and CAO of First Bancorp, Inc., filed a Form 4 disclosing a transaction involving the company's common stock.
• On January 28, 2025, Ms. Norton acquired 2,354 shares of common stock at a price of $25.74 per share.
• Following this transaction, Ms. Norton directly owns 22,061 shares of common stock.
• She also indirectly owns 797.2277 shares through an Employee Stock Purchase Plan, 8,579.474 shares through a 401(k) plan, and 487.6143 shares through an adult daughter.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transaction, with no positive or negative implications.

Industry Context

This is a routine filing related to insider trading 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, as mandated by the SEC.
• The transaction is typical for executives who participate in stock purchase plans or receive stock-based compensation.
• The reported transaction is similar to those of other executives at comparable financial institutions.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine insider transaction.

Key Dates

Keywords

Form 4, insider trading, stock transaction, beneficial ownership, First Bancorp, FNLC, executive, common stock