Director Michael Goodwin Mayer sold 44,324 shares of FBNC at $58.58 (2.6M value), reducing stake 51.7%
Director Michael Goodwin Mayer executed a substantial sale of 44,324 shares at $58.58 on 2026-05-20, reducing his holdings from 85,815 shares to 41,491 shares—a 51.7% reduction in stake. The sale occurred near the stock's 52-week high of $62.64, within 5.5% of peak, at a time when the company reports -3.6% annual revenue decline despite positive net income of $46,659,000. His only prior same-ticker trade was a buy in September 2023 (outcome not yet measurable). The scale of this reduction—divesting roughly half his position—represents a material decrease in director exposure to FBNC and merits attention to whether this signals a shift in confidence relative to current fundamentals.