FBNC (FBNC) president uses stock to cover taxes on vesting awards

Rhea-AI Filing Summary

FIRST BANCORP /NC/ President Mayer Michael Goodwin reported tax-related share dispositions in company stock. On February 26, 2026, he used shares of Common Stock to satisfy estimated income taxes triggered by vesting restricted shares. The Form 4 lists three code F transactions, each described as payment of tax liability by delivering securities, at a price of $60.18 per share. These tax-withholding dispositions involved several thousand shares, including blocks of 7,923, 461 and 6,203 shares.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider Mayer Michael Goodwin

Role President

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	7,923	$60.18	$477K
Tax Withholding	Common Stock	461	$60.18	$28K
Tax Withholding	Common Stock	6,203	$60.18	$373K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 91,158 shares (Direct); Common Stock — 1,017 shares (Indirect, Spouse)

Footnotes (1)

1. Represents shares that were withheld to satisfy estimated income taxes on vesting Restricted Shares. Represents shares that were withheld to satisfy estimated income taxes on vesting Restricted Shares. Represents shares that were withheld to satisfy estimated income taxes on vesting Restricted Shares.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mayer Michael Goodwin

(Last) (First) (Middle)

15 STATION AVE.

(Street)

SOUTHERN PINES NC 28387

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIRST BANCORP /NC/ [ FBNC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/26/2026		F		7,923(1)	D	$60.18	91,158	D
Common Stock	02/26/2026		F		461(2)	D	$60.18	90,697	D
Common Stock	02/26/2026		F		6,203(3)	D	$60.18	84,494	D
Common Stock								1,321.43	D
Common Stock								1,017	I	Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares that were withheld to satisfy estimated income taxes on vesting Restricted Shares.

2. Represents shares that were withheld to satisfy estimated income taxes on vesting Restricted Shares.

3. Represents shares that were withheld to satisfy estimated income taxes on vesting Restricted Shares.

	/s/ Anna L. Miller, Attorney in-fact	02/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did FBNC President Mayer Michael Goodwin report?

FBNC President Mayer Michael Goodwin reported multiple Form 4 transactions disposing of common stock to cover taxes. The shares were withheld upon vesting of restricted shares, with the disposition structured as payment of estimated income tax liabilities in stock rather than cash.

Were Mayer Michael Goodwin’s FBNC transactions open-market stock sales?

The reported FBNC transactions were not open-market sales. They are coded F and described as payment of tax liabilities by delivering securities, meaning shares were withheld upon restricted stock vesting to satisfy estimated income taxes owed by the executive.

How many FBNC shares were involved in Mayer Michael Goodwin’s tax-withholding disposals?

The Form 4 shows several tax-withholding disposals, including 7,923, 461 and 6,203 FBNC common shares. Each block was delivered at a price of $60.18 per share to satisfy estimated income taxes on vesting restricted shares granted to the company’s president.

What transaction code is used for Mayer Michael Goodwin’s FBNC Form 4 entries?

The FBNC Form 4 uses transaction code F for three entries. Code F indicates payment of an exercise price or tax liability by delivering securities, and here specifically reflects shares withheld to cover estimated income taxes on vesting restricted stock awards.

Does Mayer Michael Goodwin still hold FBNC shares after these transactions?

The Form 4 shows continuing FBNC share ownership after the tax-withholding entries, with updated direct and indirect balances. These transactions only reflect shares withheld for taxes on vesting restricted shares, not a full exit from the company’s common stock holdings.

What role does Mayer Michael Goodwin hold at FIRST BANCORP /NC/?

Mayer Michael Goodwin is identified as an officer of FIRST BANCORP /NC/, serving as President. The Form 4 insider report details his tax-withholding share dispositions related to vesting restricted stock, which are common elements of executive equity compensation programs.