First Bancorp, Inc /ME/

For the period ended Apr 29, 2026. Filed Mar 6, 2026.

About this filing

What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Apr 29, 2026 · Filed Mar 6, 2026

FNLC$36.41-0.5%Stored close · as of Nov 6, 2026

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Contents

Summary Compensation Table

IX. EXECUTIVE COMPENSATION TABLES AND NARRATIVE

SUMMARY COMPENSATION TABLE

The following Summary Compensation Table sets forth the cash and non-cash compensation for each of the last three fiscal years earned by the Principal Executive Officer (“PEO”) the Principal Financial Officer as well as the three other highest paid active Executive Officers in fiscal 2025.


Tony C. McKim President and Chief Executive Officer		2025		850,000		460,253		255,000		24,023		1,589,276
	2024		812,000		299,042		243,600		23,739		1,378,381
	2023		775,000		226,068		232,500		22,653		1,256,221
Richard M. Elder Executive Vice President and Chief Financial Officer		2025		350,000		126,344		87,500		21,255		585,099
	2024		325,000		60,536		65,000		19,793		470,329
	2023		310,000		50,237		62,000		19,289		441,526
Sarah J. Tolman Executive Vice President and Chief Banking Officer		2025		310,000		111,905		77,500		21,088		520,493
	2024		295,000		55,684		59,000		17,806		427,490
	2023		280,000		45,303		56,000		16,898		398,201
Jonathan W. Nicholson Executive Vice President and Chief Lending Officer		2025		330,000		119,124		82,500		21,000		552,624
	2024		295,000		66,896		59,000		17,700		438,596
	2023		265,000		53,790		53,000		15,900		387,690
Tammy L. Plummer Executive Vice President and Chief Information Officer		2025		270,000		97,465		67,500		19,576		454,541
	2024		257,000		52,582		51,422		18,347		379,351
	2023		245,000		44,298		49,005		18,831		357,134

(1)

All Other Compensation is detailed in the table below and includes the following:

401(k) Match and Additional Contributions. In all years, the Company provided a match at 50.0% of employee deferrals to the extent that the deferral does not exceed 6.0% of eligible compensation. In 2020 the Company converted to a Safe Harbor 401(k) plan. Under the Safe Harbor requirements, a Safe Harbor contribution of at least 3.0% must be provided annually. In 2025, 2024, and 2023, a 3.0% Safe Harbor contribution was provided to eligible employees. All 401(k) match and additional contributions are subject to the IRS regulations that govern the maximum amount of an Officer’s earnings which are eligible to be considered for the match and profit share components of compensation.

Company-Owned Vehicle. The amounts shown include the value of personal use for Company-owned vehicles by the Named Executives, where applicable.

Economic Value of Life Insurance. The amounts shown include the value of the Named Executives’ portion of policies provided by Life Insurance Endorsement Split Dollar Plan agreement for Bank Owned Life Insurance.


Tony C. McKim		2025		10,500		10,500		2,340		683
	2024		10,350		10,350		2,340		699
	2023		9,900		9,900		2,204		649
Richard M. Elder		2025		10,500		10,500		—		255
	2024		9,750		9,750		—		293
	2023		9,900		9,900		—		271
Sarah J. Tolman		2025		10,500		10,500		—		88
	2024		8,850		8,850		—		106
	2023		9,900		9,900		—		98
Jonathan W. Nicholson		2025		10,500		10,500		—		—
	2024		8,850		8,850		—		—
	2023		9,900		9,900		—		—
Tammy L. Plummer		2025		9,677		9,677		—		222
	2024		9,039		9,039		—		269
	2023		9,291		9,291		—		249

	The First Bancorp, Inc.			2026 Proxy Statement			33

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.