FBNC Director Garrett Mason Y sold 52,800 shares in 2 transactions for $2,289,948.00, reducing holdings by 29.1%
Director Garrett Mason Y executed 2 separate sales totaling 52,800 shares for $2,289,948.00 at a blended average price of $43.37, materially reducing his position from 181.7K to 128.9K shares (a 29.1% reduction). The sales occurred near the 52-week high of $44.15, approximately 2.8% below that peak. His prior trades at FBNC show a pattern of poorly-timed sells: his 2023-08-30 sale saw a +6.3% 90-day return and his 2023-08-29 sale a +4.8% 90-day return (meaning the stock appreciated after both prior sales), with 0 of 2 prior FBNC sales well-timed at the 90-day mark. Against this backdrop, the current transaction volume and timing relative to recent price momentum (30-day +31.1%, 90-day +37.6%) suggests selective liquidation in a favorable price environment rather than a departure from established sale patterns.