Form 4: First Bancorp Director Donnelly Acquires Shares and Disposes of Shares in Rabbi Trust
SEC Form 4 Filing
Director Abby Jill Donnelly reports acquiring 1,189 shares of First Bancorp /NC/ (FBNC) at $31.55 and disposing of 5,774.186 shares held indirectly in a Rabbi Trust.
Summary
- On May 31, 2024, Abby Jill Donnelly, a director of First Bancorp /NC/ (FBNC), acquired 1,189 shares of common stock at a price of $31.55 per share.
- On the same day, Donnelly disposed of 5,774.186 shares of common stock held indirectly through a Rabbi Trust.
- Following these transactions, Donnelly directly owns 9,598.174 shares of FBNC common stock and indirectly owns shares through a Rabbi Trust.
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
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, such as directors, who trade in their company's stock. It provides transparency to the market regarding the trading activities of those with privileged information.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of transaction: Acquisition of 1,189 shares and disposition of 5,774.186 shares. |
| 06/03/2024 | Date of signature on the report. |
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