First Bancorp (FBNC) director Donnelly receives 863-share stock award grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Donnelly Abby Jill reported acquisition or exercise transactions in this Form 4 filing.
FIRST BANCORP /NC/ director Abby Jill Donnelly received a stock grant of 863 shares of Common Stock at $57.99 per share. After this award, she directly holds 11,516.195 shares. A separate entry shows 6,027.605 shares held indirectly in a Rabbi Trust, with no buy or sell reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Donnelly Abby Jill
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 863 | $57.99 | $50K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 11,516.195 shares (Direct, null);
Common Stock — 6,027.605 shares (Indirect, Rabbi Trust)
Footnotes (1)
Key Figures
Stock grant: 863 shares
Grant price: $57.99 per share
Direct holdings after grant: 11,516.195 shares
+1 more
4 metrics
Stock grant
863 shares
Grant, award, or other acquisition of Common Stock
Grant price
$57.99 per share
Price for the 863-share stock award
Direct holdings after grant
11,516.195 shares
Common Stock directly owned after the A-code transaction
Indirect Rabbi Trust holdings
6,027.605 shares
Common Stock held indirectly in a Rabbi Trust
Key Terms
Grant, award, or other acquisition, Rabbi Trust, Common Stock, non-derivative
4 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Rabbi Trust financial
"nature_of_ownership: Rabbi Trust"
A rabbi trust is a special account a company sets up to hold promised future pay for executives, like bonus or retirement money, so those employees can see there are funds earmarked for them. It matters to investors because it signals the company’s commitment to keep key people, but the money is still part of the company’s assets and can be claimed by creditors if the company goes bankrupt—think of it as a labeled jar that isn’t completely off-limits.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
non-derivative financial
"transaction_type: non-derivative"
FAQ
What did Abby Jill Donnelly report in this Form 4 for FBNC?
Abby Jill Donnelly reported receiving a grant of 863 shares of First Bancorp Common Stock. This award increased her direct holdings to 11,516.195 shares, with additional indirect holdings of 6,027.605 shares in a Rabbi Trust disclosed as a separate entry.
What does the Rabbi Trust entry mean in the FBNC Form 4?
The Rabbi Trust entry reflects 6,027.605 shares of First Bancorp Common Stock held indirectly for Abby Jill Donnelly. It is shown as a holding, not a new transaction, indicating beneficial exposure through a trust arrangement rather than a fresh buy or sale.
At what price was the FBNC stock grant to Donnelly recorded?
The stock grant to Abby Jill Donnelly was recorded at $57.99 per share. This price is disclosed as the transaction price per share for the 863-share award of First Bancorp Common Stock reported in the non-derivative transaction section of the Form 4.