First Bancorp (FBNC) Director Michael Goodwin Sells Shares

What Happened
Michael Goodwin, a director of First Bancorp (FBNC), sold 44,324 shares on 2026-05-20 at $58.58 per share, generating gross proceeds of approximately $2,596,500. The transaction is reported as a sale (transaction code S) and was conducted via open market or private sale as indicated in the filing.

Key Details

• Transaction date: 2026-05-20
• Price per share: $58.58
• Shares sold: 44,324
• Gross proceeds: ~$2,596,500
• Transaction type/code: Sale (S) — open-market/private sale listed in filing
• Filing date: 2026-05-21 (filed the day after the trade) — appears timely based on provided dates
• Shares owned after transaction: not disclosed in the provided filing excerpt
• Footnotes/plan info: no 10b5-1 plan, tax-withholding, or other footnotes indicated in the supplied data

Context
Sales by directors can be routine (diversification, tax planning, liquidity) and do not on their own indicate a change in company outlook; purchases typically carry clearer bullish signals. This sale was sizable in dollar terms (~$2.6M), but without ownership levels or recurring patterns, it’s not possible to infer a broader insider sentiment from this single filing.