Form 4: First BanCorp Director Aleman Reports Stock Transaction
SEC Form 4 Filing
Aurelio Aleman, a director and the President and CEO of First BanCorp, reports the withholding of shares to cover taxes related to vested restricted stock.
Summary
- On March 16, 2025, Aurelio Aleman, President and CEO and a director of First BanCorp, had 14,571 shares of First BanCorp common stock withheld to cover taxes.
- The shares were withheld at a price of $18.26 per share.
- This transaction resulted in Aleman owning 1,020,690 shares of First BanCorp common stock directly.
- The withholding was related to restricted stock that vested on March 16, 2025, pursuant to a long-term incentive award made on March 16, 2023.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding a stock transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This is a routine filing related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/16/2023 | Date of long-term incentive award. |
| 03/16/2025 | Date of transaction (stock withholding) and vesting of restricted stock. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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