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

Gregory A. Currie, Chief Banking Officer of First Bancorp, reported the disposition of 1,183 shares of restricted stock to cover tax liabilities at a price of $40.57 per share.

Summary

• Gregory A. Currie, the Chief Banking Officer of First Bancorp (FBNC), filed a Form 4 reporting a change in his beneficial ownership.
• On June 20, 2025, with a deemed execution date of June 23, 2025, Mr. Currie disposed of 1,183 shares of restricted stock.
• The disposition was made at a price of $40.57 per share.
• The transaction code 'F' indicates that these shares were used to satisfy tax withholding obligations related to the vesting of restricted stock.
• Following this transaction, Mr. Currie directly beneficially owns 19,193.84 shares of First Bancorp common stock.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction (disposition of shares for tax purposes) which is neutral in sentiment. It does not indicate any positive or negative operational or financial news for the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• The transaction is a routine compliance filing and is unlikely to have a significant direct impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

First Bancorp, FBNC, Gregory A. Currie, Chief Banking Officer, SEC Form 4, Insider Transaction, Restricted Stock, Stock Disposition, Tax Withholding, Beneficial Ownership