Form 4: First Bancorp Chief Accounting Officer Disposes Shares for Tax Obligations

First Bancorp's Chief Accounting Officer, Blaise Bea Buczkowski, disposed of 486 shares of restricted stock to cover tax withholding obligations.

Summary

• Blaise Bea Buczkowski, the Chief Accounting Officer of First Bancorp /NC/ (FBNC), reported a transaction involving the disposition of company shares.
• On June 20, 2025, with a deemed execution date of June 23, 2025, Ms. Buczkowski disposed of 486 shares of Restricted Stock.
• The shares were disposed of at a price of $40.57 per share.
• This transaction was coded as 'F', indicating a disposition to the issuer to satisfy tax withholding obligations.
• Following this reported transaction, Ms. Buczkowski beneficially owns 89 shares directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares for tax purposes, which is neutral in terms of company performance or outlook.

Future Outlook

NA

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes, which is common across all industries when restricted stock vests. It does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Minimal impact as it is a small, routine transaction for tax purposes and does not reflect a change in management's confidence or strategic direction.
• Employees: No direct impact beyond the reporting person.

Key Dates

Keywords

SEC Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock, First Bancorp, FBNC, Chief Accounting Officer