Form 4: CFO Bostian Reports Tax-Related Stock Disposition

First Bancorp's Chief Financial Officer, Elizabeth B. Bostian, reported a disposition of 396 restricted shares to cover tax obligations related to vesting.

Summary

• Elizabeth B. Bostian, Chief Financial Officer of First Bancorp /NC/ (FBNC), reported a transaction involving company securities.
• On January 5, 2026, 396 shares of restricted stock were disposed of at a price of $51.96 per share.
• This disposition was made to satisfy estimated income taxes on vesting restricted shares.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating it was pre-planned.
• Following this transaction, Ms. Bostian directly beneficially owns 13,062 shares of Restricted Stock, 18,224.38 shares of Common Stock, and 995.4 shares of Common Stock in a 401K Plan.

Sentiment

Score: 5

Explanation: This is a neutral, routine insider transaction for tax purposes, not indicative of positive or negative company performance or insider sentiment beyond the mechanics of compensation.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine, tax-related disposition by an executive, not a discretionary sale indicating a change in sentiment.
• No direct impact on employees, customers, suppliers, or creditors from this specific transaction.

Key Dates

Keywords

First Bancorp, FBNC, Elizabeth B. Bostian, CFO, Insider Transaction, Form 4, Restricted Stock, Stock Disposition, Tax Withholding, 10b5-1 plan