Hicks Thomas Brent 4

What Happened Thomas Brent Hicks, Chief Accounting Officer of First Bancorp (FBNC), was granted 613 shares on 2026-03-06 as an award under the company's Annual Incentive Plan. The grant was reported at an acquisition price of $55.93 per share, totaling about $34,285. This is a compensation award (code A), not an open-market purchase or sale.

Key Details

• Transaction date and filing: transaction on 2026-03-06; Form 4 filed 2026-03-09 (timely filing).
• Grant details: 613 shares @ $55.93 per share; total reported value ~$34,285.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote: Awarded shares vest 1/3 per year on December 2027, 2028 and 2029 (per footnote F1).
• Transaction type: A = award/grant (compensation), not a market buy/sell.

Context This was a compensation grant from the company, which is common for executive pay and typically reflects planned compensation rather than the insider buying stock in the open market. Vesting over three years means the shares are subject to service/time-based restrictions before full ownership.