Form 4: First Bancorp CFO Reports Restricted Stock Tax Withholding

First Bancorp's CFO, Elizabeth B. Bostian, reported the disposition of restricted stock to cover tax obligations.

Summary

• Elizabeth B. Bostian, Chief Financial Officer of First Bancorp /NC/ (FBNC), reported transactions involving restricted stock.
• On December 31, 2025, Bostian disposed of 345 shares of restricted stock at a price of $50.79 per share.
• On the same date, an additional 270 shares of restricted stock were disposed of at $50.79 per share.
• These dispositions were made under transaction code "F," indicating shares were withheld to cover tax liabilities related to the vesting of restricted stock.
• Following these transactions, Bostian directly beneficially owns 12,920.38 shares of restricted stock.

Sentiment

Score: 5

Explanation: Neutral. This is a routine insider transaction for tax purposes and does not reflect a change in investment sentiment by the insider or significant news for the company.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Elizabeth B. Bostian, CFO of First Bancorp, disposed of restricted stock to cover tax obligations related to her equity compensation from the company. This is a standard transaction between an executive and the issuer.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction by an insider, not a discretionary sale. It indicates the vesting of previously granted equity awards.
• Employees: No direct impact mentioned.
• Customers, Suppliers, Creditors: No direct impact mentioned.

Key Dates

Keywords

First Bancorp, FBNC, Elizabeth B. Bostian, CFO, Restricted Stock, Insider Transaction, Form 4, Tax Withholding, Beneficial Ownership