Benner Marcia Lynn 4

What Happened

• Marcia Lynn Benner, Executive Vice President & Chief Administrative Officer at First Bancorp (FNLC), had 52 shares withheld on 2026-01-27 to satisfy a tax liability tied to an equity award or option event. The shares were valued at $27.10 each, totaling approximately $1,409. This was a tax-withholding disposal (not an open-market sale).

Key Details

• Transaction date: 2026-01-27
• Transaction type/code: Payment of tax liability by delivery/withholding of shares (Code F)
• Shares withheld/disposed: 52
• Price per share: $27.10
• Total value of shares withheld: ~$1,409
• Shares owned after transaction: not specified in the details provided here (see the filed Form 4 for post-transaction holdings)
• Filing timeliness: Report filed 2026-01-27 (same day); no late filing indicated

Context

• Code F indicates shares were surrendered/withheld to cover taxes from an exercise or vesting event — a routine administrative step rather than a market sale expressing sentiment.
• Such withholding is common for option exercises or restricted stock vesting; it reduces the insider’s holdings by the withheld amount but does not necessarily signal a buy/sell decision.