First Bancorp (FNLC) EVP Jody Lynn Brown Surrenders 226 Shares for Taxes

What Happened

Jody Lynn Brown, Executive Vice President and Chief Risk Officer of First Bancorp (FNLC), surrendered 226 shares on 2026-01-27 to satisfy a tax liability. The shares were valued at $27.10 each, totaling approximately $6,125. This was a tax-withholding transaction (code F), not an open-market sale.

Key Details

• Transaction date: 2026-01-27; filing date: 2026-01-28 (timely filing).
• Shares surrendered/disposed: 226 at $27.10 per share; total value ≈ $6,125.
• Transaction code: F — payment of exercise price or tax liability (shares used to satisfy withholding).
• Shares owned after the transaction: not disclosed in the filing.
• No indication in the filing of a 10b5-1 plan, gift, or late filing.

Context

Code F transactions typically reflect routine tax withholding when stock awards vest or options are exercised. Because the shares were surrendered to cover taxes (rather than sold on the open market), this is generally administrative and less indicative of a change in the insider’s market view.