Brown Jody Lynn 4
Research Summary
AI-generated summary
First Bancorp (FNLC) EVP Jody Lynn Brown Receives 1,652-Share Award
What Happened
Jody Lynn Brown, Executive Vice President and Chief Risk Officer of First Bancorp (FNLC), was granted 1,652 shares on January 29, 2026. The Form 4 lists this as an award/acquisition (transaction code A) with an acquisition price of $0.00 (total reported value $0). This is an equity award rather than a market purchase or sale.
Key Details
- Transaction date: 2026-01-29 (reported on Form 4 filed 2026-01-30). Filing appears timely.
- Transaction type/code: Grant/award (A).
- Shares acquired: 1,652; reported acquisition price: $0.00 (total $0 per filing).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Notable footnotes: None indicated in the provided data (no 10b5-1 plan, tax withholding, or vesting schedule disclosed).
Context
Equity awards are commonly used as compensation or retention tools and do not necessarily signal a personal purchase or sale decision. The $0 acquisition price reported on Form 4 reflects the technical grant accounting on the filing and does not represent market value; vesting schedules or restrictions (if any) were not disclosed in the excerpt. For retail investors, purchases can be more indicative of personal conviction, while awards primarily reflect company compensation practices.