Form 4: First Bancorp Director Garrett Mason Y Sells Shares
SEC Form 4 Filing
Director Garrett Mason Y sold shares of First Bancorp (FBNC) on July 26, 2024, reducing his direct holdings and those held indirectly through his spouse.
Summary
- On July 26, 2024, Garrett Mason Y, a director of First Bancorp /NC/ (FBNC), sold 22,800 shares of common stock at a price of $43.41 per share.
- On the same day, Garrett Mason Y also sold 30,000 shares of common stock at a price of $43.34 per share.
- Following these transactions, Garrett Mason Y directly owns 196,416 shares of First Bancorp and indirectly owns 128,943 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a director's sale of shares. It's neutral in sentiment as it simply reports transactions without expressing any opinion or forward-looking statements.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) buy or sell the company's securities. These filings provide transparency into the transactions of those with privileged information about the company.
Key Dates
| Date | Description |
|---|---|
| 07/26/2024 | Date of the stock sale transactions. |
| 07/29/2024 | Date of signature by Attorney in-fact. |
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