Bostian Elizabeth B 4

What Happened
Elizabeth B. Bostian, Chief Financial Officer of First Bancorp (FBNC), was granted 3,386 shares as an award (transaction code A) on 2026-06-23. The award is recorded at $62.03 per share for a total grant value of $210,034. This was an equity award under the company’s long-term incentive plan, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-23; Form 4 filed 2026-06-25 (filed within the standard 2-business-day window).
• Grant: 3,386 shares at $62.03 per share; total reported value $210,034.
• Shares owned after transaction: not stated in this filing.
• Footnote: Shares granted under the Company’s Long Term Incentive Plan; vesting date is July 10, 2029.
• Transaction type: Award/Grant (code A). No 10b5-1 plan or tax-withholding footnotes were listed.

Context
This is a time‑based equity award (long-term incentive) that vests in 2029 — a common form of executive compensation intended for retention and alignment with shareholders. Because the shares are not immediately tradable and were not purchased on the open market, the grant should be viewed as compensation rather than a direct bullish or bearish trading signal.