Form 4: First Bancorp President Disposes Shares for Tax Obligations

First Bancorp President Michael Goodwin Mayer disposed of 7,699 shares of common stock to cover tax withholding obligations related to equity compensation.

Summary

• Michael Goodwin Mayer, President of First Bancorp /NC/ (FBNC), reported a disposition of common stock.
• The transaction involved 7,699 shares of Common Stock, disposed of to the issuer to satisfy tax withholding obligations (Transaction Code F).
• The shares were disposed at a price of $40.57 per share.
• The transaction date was June 20, 2025, with a deemed execution date of June 23, 2025.
• Following this transaction, Mr. Mayer beneficially owns 102,539 shares directly, 1,296.508 shares indirectly through a 401k Plan, and 1,017 shares indirectly through a spouse.

Sentiment

Score: 5

Explanation: The transaction is a routine disposition of shares to cover tax withholding obligations related to equity compensation, which is a common and expected event for executives and does not indicate a change in investment sentiment.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: This is a routine, non-discretionary transaction for tax purposes and is unlikely to have a significant impact on shareholders or the company's stock price.

Key Dates

Keywords

First Bancorp, FBNC, Michael Goodwin Mayer, Insider Transaction, SEC Form 4, Stock Disposition, Tax Withholding, Equity Compensation