MOORE RICHARD H 4

What Happened
Richard H. Moore, CEO of First Bancorp (FBNC), was granted 3,959 shares on 2026-01-27 (transaction code A — award/acquisition) at a reported per-share value of $56.68, for a total value of approximately $224,396. The award was made under the company’s Annual Incentive Plan and is a compensation grant rather than an open-market purchase.

Key Details

• Transaction date: 2026-01-27; reported filing date: 2026-01-29 (filed within the typical 2-business-day window).
• Price/value: $56.68 per share; total value ≈ $224,396.
• Vesting: Footnote indicates the shares vest 1/3 per year on January 5, 2027, 2028 and 2029.
• Shares owned after transaction: Not specified in the provided filing excerpt (see full Form 4 for post-transaction holdings).
• Transaction type: A = Award/Grant (compensation); not an open-market buy or sale.

Context
This is a restricted stock award (annual incentive) that vests over multiple years — a common form of executive compensation intended for retention and/or performance alignment. Because the shares vest over time, they are not immediately liquid and do not represent a direct market purchase or sale. As with all insider grants, the award is informational about compensation but should not be taken alone as a signal of short-term market sentiment.