Earnings Feed
Start Free
FIRST BANCORP /NC/·4

Jul 2, 11:39 AM ET

Bostian Elizabeth B 4

Research Summary

AI-generated summary

Updated

FIRST BANCORP (FBNC) CFO Elizabeth Bostian Withholds 1,887 Shares

What Happened Elizabeth B. Bostian, Chief Financial Officer of First Bancorp (FBNC), had 1,887 shares withheld by the company on 2026-06-29 to satisfy income taxes related to previously granted shares. The shares were valued at $63.53 each, for a total of approximately $119,881. This was a tax-withholding disposition (not an open-market sale or purchase).

Key Details

  • Transaction date: 2026-06-29; filing date (Form 4): 2026-07-02 (filed late by one business day).
  • Transaction: 1,887 shares withheld/disposed at $63.53 per share; total value ≈ $119,881.
  • Shares owned after transaction: not specified in the provided filing.
  • Footnote: F1 — shares were withheld by the company to satisfy income taxes on shares previously granted and reported on Form 4.
  • Transaction code: F (payment of exercise price or tax liability).

Context Tax-withholding dispositions like this are routine administrative actions when restricted stock vests or options are exercised and taxes are due. They generally do not signal the insider buying or selling stock for investment reasons.