Form 4: First Bancorp Director Acquires Shares and Disposes of Shares Held by Spouse
SEC Form 4 Filing
Director J Randolph Potter reports acquiring 1,189 shares of First Bancorp and the disposal of 3,001 shares held by his spouse.
Summary
- On May 31, 2024, J Randolph Potter, a director of First Bancorp /NC/, acquired 1,189 shares of common stock at a price of $31.55 per share.
- On the same day, Potter disposed of 3,001 shares of common stock indirectly held by his spouse.
- Following these transactions, Potter directly owns 3,001 shares and indirectly owns 1,895 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership in the company.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the director's view of the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of the transaction: acquisition of 1,189 shares and disposal of 3,001 shares. |
| 06/03/2024 | Date of signature by Attorney in-fact. |
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