Form 4: First BanCorp Chief Accounting Officer Acquires Shares and Restricted Stock

Said Ortiz, Chief Accounting Officer of First BanCorp, reports acquiring shares and restricted stock, increasing his beneficial ownership in the company.

Summary

• On March 19, 2025, Said Ortiz, the Chief Accounting Officer of First BanCorp, acquired 9,352 shares of First BanCorp common stock at a price of $18.35 per share.
• Ortiz also acquired restricted stock under the First BanCorp Omnibus Incentive Plan.
• The restricted stock vests over a three-year period: 50% on March 19, 2027, and the remaining 50% on March 19, 2028.
• Following these transactions, Ortiz directly owns 42,661.831 shares of First BanCorp common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The acquisition of shares by an officer is mildly positive, suggesting confidence, but it's not a major event.

Positives

• The acquisition of shares by a company officer can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment due to the officer's increased investment in the company.

Key Dates

Keywords

First BanCorp, FBP, Said Ortiz, Chief Accounting Officer, Stock Acquisition, Restricted Stock, Beneficial Ownership, Form 4, SEC