Nicholson Peter C 4

What Happened
Peter C. Nicholson, Executive Vice President and Chief Fiduciary Officer of First Bancorp (FNLC), had 367 shares withheld to satisfy a tax liability on January 27, 2026. The shares were valued at $27.10 each, for a total of about $9,946. This transaction is a tax-withholding disposition (code F), an administrative action following an equity event rather than an open-market sale.

Key Details

• Transaction date and filing: 2026-01-27 (Form 4 filed the same day) — indicates timely filing.
• Transaction type/code: F — payment of exercise price or tax liability by delivering or withholding securities (disposition).
• Shares withheld: 367 at $27.10 per share; total value ≈ $9,946.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable: This is a withholding to cover taxes (routine). No 10b5-1 plan or late-filing flags provided in the excerpt.

Context
Withholdings like this commonly occur after option exercises or award vesting to satisfy tax obligations and are administrative (not a directional bet on the stock). They should be interpreted differently from an open-market sale by an insider; such withholdings typically do not signal a change in the insider’s view of the company.