Form 4: First BanCorp CEO Aurelio Aleman Reports Stock Transactions

First BanCorp CEO Aurelio Aleman reports the vesting and subsequent tax withholding of shares related to performance share units and restricted stock.

Summary

• On March 24, 2025, Aurelio Aleman, the President and CEO of First BanCorp, reported transactions involving First BanCorp common stock.
• These transactions included the vesting of 52,872 performance share units, which converted into an equal number of shares of common stock.
• A portion of the shares were then withheld to cover taxes related to the vesting of both the performance share units (22,392 shares) and restricted stock (11,196 shares).
• Following these transactions, Aleman directly owns 1,098,830 shares of First BanCorp common stock and 187,604 performance share units.

Sentiment

Score: 5

Explanation: This Form 4 filing is a neutral event, reflecting routine compensation-related transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.

Key Dates

Keywords

First BanCorp, FBP, Aurelio Aleman, Performance Share Units, Restricted Stock, Vesting, Form 4, Insider Trading