First Bancorp (FNLC) executive compensation, 2026 proxy

Tony C. McKim, President and Chief Executive Officer, was paid $1.6M in 2025, up 15% from $1.4M the year before. The CEO-to-median-employee pay ratio was 29:1, on median employee pay of $54,510.

Filed
March 6, 2026
Pay year
2025
Named executives
5
CEO total pay
$1.6M+15% vs prior year
CEO to median employee
29:1median $54,510
CEO pay in equity
16%$255,000 in awards
Prior say-on-pay support
96%of votes cast
Net Income Growth
27.2%Increase from prior year
CEO Total Compensation
$1,589,276For fiscal 2025
Median Employee Pay
$54,510Annual total compensation
Pay Ratio
29:1CEO to median employee

How McKim was paid

$1.6M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary53%Bonus29%Stock awards16%All other compensation2%

Named executive officers

ExecutiveTotal
Tony C. McKimPresident and Chief Executive Officer$1,589,276
Richard M. ElderExecutive Vice President and Chief Financial Officer$585,099
Sarah J. TolmanExecutive Vice President and Chief Banking Officer$520,493
Jonathan W. NicholsonExecutive Vice President and Chief Lending Officer$552,624
Tammy L. PlummerExecutive Vice President and Chief Information Officer$454,541

What changed and why

  • $34.4MNet income increased 27.2% to $34.4 million driven by considerable year-over-year net interest margin expansion.
  • $1.6MCEO Tony C. McKim received a total compensation of $1,589,276 for fiscal 2025.
  • The company targets base salary slightly above the market median of its peer group.
  • 96%The say-on-pay proposal received 96% support at the prior annual meeting.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.