Form 4: First Bancorp CEO Sells Shares for Tax Withholding

First Bancorp's CEO, Gregory A. Currie, reported the disposition of 488 restricted shares to satisfy estimated income taxes upon vesting.

Summary

• Gregory A. Currie, Chief Executive Officer of First Bank and a Director of First Bancorp /NC/ (FBNC), reported an insider transaction.
• On January 5, 2026, 488 restricted shares were disposed of at a price of $51.96 per share.
• This disposition was specifically to satisfy estimated income taxes on vesting Restricted Shares.
• Following this transaction, Mr. Currie directly beneficially owns 20,700 Restricted Stock, 30,319.84 Common Stock, and 3,644.55 Common Stock held in a 401K Plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This is a routine insider transaction for tax purposes, common across all industries for executives receiving equity compensation, and does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

First Bancorp, FBNC, Insider Transaction, Form 4, Restricted Stock, Tax Withholding, CEO, Gregory A. Currie