Tolman Sarah 4
4 · First Bancorp, Inc /ME/ · Filed Jan 27, 2026
Research Summary
AI-generated summary of this filing
First Bancorp (FNLC) EVP Sarah Tolman Surrenders 604 Shares for Taxes
What Happened
Sarah Tolman, Executive Vice President and Chief Banking Officer of First Bancorp (FNLC), disposed of 604 shares on January 27, 2026. The shares were surrendered at $27.10 per share for a reported value of $16,368 to satisfy tax withholding or payment obligations (transaction code F). This was a tax-related share surrender rather than an open-market sale.
Key Details
- Transaction date and price: 2026-01-27 at $27.10 per share.
- Shares disposed: 604; reported value: $16,368.
- Transaction code: F — payment of exercise price or tax liability (shares withheld/surrendered for taxes).
- Shares owned after the transaction: Not specified in this filing.
- Filing timeliness: Reported on the same date (period of report 2026-01-27); no late filing indicated.
Context
A code F disposition typically means shares were withheld or surrendered to cover tax obligations from equity awards or option exercises. This is a routine administrative action and does not necessarily indicate the insider is selling shares for investment reasons.
Insider Transaction Report
- Tax Payment
Common Stock
2026-01-27$27.10/sh−604$16,368→ 11,826 total
- 51.523(indirect: Through Employee Stock Purchase Plan)
Common Stock
- 5,625.54(indirect: By 401(k))
Common Stock