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FIRST BANCORP /NC/·4

Jul 2, 11:43 AM ET

CURRIE GREGORY A 4

Research Summary

AI-generated summary

Updated

First Bancorp CEO Gregory Currie Withholds 2,096 Shares for Taxes

What Happened

Gregory A. Currie, CEO and director of First Bancorp (FBNC), had 2,096 shares withheld by the company to satisfy tax liabilities tied to previously granted shares. The shares were valued at $63.53 each, totaling $133,159. This was a withholding to cover taxes (routine) rather than an open-market sale.

Key Details

  • Transaction date: 2026-06-29
  • Price per share: $63.53; total value of shares withheld: $133,159
  • Transaction code: F (shares withheld to satisfy tax withholding)
  • Footnote: F1 — shares withheld by the company to satisfy income taxes on shares previously granted and reported on Form 4.
  • Shares owned after the transaction: not specified in the provided excerpt.
  • Filing date: 2026-07-02; no late filing is indicated in the provided details.

Context

Tax-withholding disposals are common when executives receive stock awards or exercise options; the company retains shares to pay required income taxes. These transactions are generally routine and do not necessarily indicate a change in insider sentiment about the company.