Mayer Michael Goodwin 4

What Happened Mayer Michael Goodwin, President of First Bancorp (FBNC), had a total of 14,587 shares withheld to satisfy estimated income taxes on vesting restricted shares. The filing shows three withholding dispositions on 2026-02-26: 7,923 shares, 461 shares, and 6,203 shares, each priced at $60.18, for a combined value of approximately $877,846. These were tax-withholding dispositions tied to restricted share vesting—not open-market sales.

Key Details

• Transaction date: 2026-02-26; filing date: 2026-02-27 (filed the next day).
• Price per share reported: $60.18.
• Shares withheld/disposed: 7,923; 461; and 6,203 (total 14,587).
• Aggregate value: about $877,846 (sum of reported values: $476,806 + $27,743 + $373,297).
• Footnotes F1–F3: confirm shares were withheld to satisfy estimated income taxes on vesting Restricted Shares.
• Shares owned following the transactions: not specified in the provided filing.

Context This is a routine tax-withholding transaction that commonly occurs when restricted stock awards vest. Because shares were withheld to cover tax liabilities (not sold on the open market), these dispositions generally reflect administrative withholding rather than a decision to liquidate holdings.