Form 4: First BanCorp Director Frye Reports Stock Transactions
SEC Form 4 Filing
Director Daniel Edward Frye reports acquisition and disposal of First BanCorp common stock on September 30, 2024.
Summary
- On September 30, 2024, Director Daniel Edward Frye engaged in transactions involving First BanCorp common stock.
- 34 shares were disposed of at a price of $21.17 to cover taxes related to restricted stock that vested.
- Frye also acquired 1,889 shares of restricted stock at $21.17, which will vest on September 30, 2025.
- Following these transactions, Frye directly owns 25,516 shares of First BanCorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Future Outlook
The acquired restricted stock will vest on September 30, 2025.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 09/30/2023 | Date of restricted stock award related to tax withholding. |
| 09/30/2024 | Date of stock disposal and acquisition. |
| 09/30/2025 | Vesting date for restricted stock acquired on September 30, 2024. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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