Form 4: First BanCorp CEO Aurelio Aleman Sells 50,000 Shares

First BanCorp's President and CEO, Aurelio Aleman, sold 50,000 shares of the company's common stock on November 11, 2024.

Summary

• Aurelio Aleman, President and CEO of First BanCorp, sold 50,000 shares of the company's common stock on November 11, 2024.
• The shares were sold at a weighted average price of $21.6392 per share.
• The sale was executed in multiple transactions with prices ranging from $21.53 to $21.81.
• Following the transaction, Aleman directly owns 1,045,261 shares of First BanCorp common stock.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by an executive, with no inherent positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to sell shares for personal financial management.

Comparison to Industry Standards

• Executive stock sales are a common occurrence in publicly traded companies.
• The sale by Aurelio Aleman is within the normal range of insider transactions.
• Similar transactions are regularly reported by executives at comparable financial institutions.

Stakeholder Impact

• The stock sale may have a minor impact on the share price, but is unlikely to have a significant effect on other stakeholders.

Key Dates

Keywords

First BanCorp, Aurelio Aleman, stock sale, insider trading, executive transaction, share sale