The charts on this page feature a breakdown of the total annual pay for the top executives at FIRST BANCORP /NC/ as reported in their proxy statements.

Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. FIRST BANCORP /NC/ income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. FIRST BANCORP /NC/ annual reports of executive compensation and pay are most commonly found in the Def 14a documents.

Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.

Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.

Name And Title Total Cash Equity Other Total Compensation
Eric P. Credle
Executive Vice President and Chief Financial Officer
Total Cash $430,481 Equity $133,500 Other $22,258 Total Compensation $586,239
Richard H. Moore
Chief Executive Officer
Total Cash $509,440 Equity $509,440 Other $33,080 Total Compensation $1,051,960
Michael G. Mayer
President of the Company & First Bank, Chief Executive Officer of First Bank
Total Cash $661,930 Equity $392,700 Other $29,007 Total Compensation $1,083,637
For its 2019 fiscal year, FIRST BANCORP /NC/, listed the following CEO pay ratio data on its annual proxy statement to the SEC.
CEO Name CEO Pay Median Employee Pay CEO Pay Ratio
Richard H. Moore CEO Pay $1,051,960 Median Employee Pay $50,407 CEO Pay Ratio 21:1
For its 2018 fiscal year, FIRST BANCORP /NC/, listed the following board members on its annual proxy statement to the SEC.
Name Total COMPENSATION
Abby J. Donnelly Total Cash $64,000
Daniel T. Blue, Jr. Total Cash $64,000
Dennis A. Wicker Total Cash $64,000
Donald H. Allred Total Cash $64,000
Frederick L. Taylor, II Total Cash $64,000
James C. Crawford, III Total Cash $81,900
John B. Gould Total Cash $64,000
Mary Clara Capel Total Cash $64,000
O. Temple Sloan, III Total Cash $64,000
Thomas F. Phillips Total Cash $64,000
Virginia C. Thomasson Total Cash $74,000

This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

The information shown here is a reporting of information included in the company's proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You may also find the annual proxy statement by going directly to the company's website.

A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.

The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.