Nicholson Jonathan W 4

What happened Jonathan W. Nicholson, EVP and Chief Lending Officer of First Bancorp, had 568 shares withheld to satisfy a tax obligation related to equity compensation. The withholding occurred on 2026-01-27 at an effective price of $27.10 per share, for a total value of approximately $15,393. This was a tax-withholding/net settlement of equity, not an open-market sale.

Key details

• Transaction date and price: 2026-01-27, 568 shares withheld at $27.10 each (total ~$15,393).
• Transaction type/code: F — payment of exercise price or tax liability (share withholding).
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Form filed on 2026-01-27 (same date as the transaction), appearing timely.
• Footnote/meaning: The shares were disposed to cover taxes (net share settlement), a routine administrative action.

Context Withholding shares to cover taxes is common after option exercises or restricted stock vesting and is generally administrative rather than a directional bet on the stock. Unlike an open-market sale, it does not necessarily signal a change in the insider’s view of the company. Purchases or open-market sales typically provide stronger sentiment signals for investors.