Russell Cornelius J 4
4 · First Bancorp, Inc /ME/ · Filed Feb 2, 2026
Research Summary
AI-generated summary of this filing
First Bancorp (FNLC) Director Russell Cornelius Receives 750-Share Award
What Happened
Russell J. Cornelius, a director of First Bancorp, Inc. (FNLC), was granted 750 shares on January 29, 2026. The reported acquisition price is $0.00, indicating these shares were issued as an award or grant rather than bought on the open market.
Key Details
- Transaction date: 2026-01-29
- Transaction type/code: Award/Grant (Form 4 code "A")
- Shares acquired: 750; Price per share reported: $0.00 (total cash paid = $0)
- Filing date: 2026-02-02 (filed within the typical Form 4 reporting window)
- Shares owned after the transaction: Not specified in the provided filing details
- No additional footnotes (e.g., 10b5-1, tax withholding) were included in the supplied summary
Context
Stock awards to directors are common compensation practices and reflect issuance of shares rather than an out-of-pocket purchase. Such grants do not by themselves indicate the director is buying or selling based on near-term views of the company; they are typically part of routine compensation or equity retention programs.
Insider Transaction Report
Form 4
Russell Cornelius J
Director
Transactions
- Award
Common Stock
2026-01-29+750→ 3,750 total
Holdings
- 13,622.081(indirect: Through Employee Stock Purchase Plan)
Common Stock
Signature
Cornelius J. Russell|2026-01-29