Form 4: First BanCorp CEO Sells Over 22,000 Shares in Open Market Transaction

Aurelio Aleman, President and CEO of First BanCorp, reported the sale of 22,871 shares of common stock on June 11, 2025, for approximately $470,000.

Summary

• Aurelio Aleman, the President and CEO of First BanCorp (FBP), reported a transaction involving the company's common stock.
• On June 11, 2025, Mr. Aleman sold 22,871 shares of First BanCorp Common Stock.
• The shares were sold at a weighted average price of $20.5217 per share, with prices ranging from $20.50 to $20.5650.
• Following this transaction, Mr. Aleman directly beneficially owns 1,109,547 shares of First BanCorp Common Stock.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The sentiment is neutral to slightly negative. While an insider sale can sometimes be viewed negatively, this transaction is reported as part of a Rule 10b5-1 plan, suggesting it's a pre-planned personal financial move rather than a reaction to new company-specific information. The document itself is purely factual and does not contain positive or negative language.

Negatives

• The sale of 22,871 shares by President and CEO Aurelio Aleman reduces his direct beneficial ownership in the company, which could be perceived as a slight negative by some investors.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This document is an insider trading report (Form 4) and does not provide broader industry context or trends. It specifically details a transaction by a key executive within the financial services sector.

Stakeholder Impact

• Shareholders: The sale by a key executive slightly reduces insider ownership, which some shareholders might interpret as a minor signal, though it's often for personal financial planning.

Key Dates

Keywords

First BanCorp, FBP, Aurelio Aleman, SEC Form 4, Insider Trading, Stock Sale, Beneficial Ownership, CEO, Financial Services