Form 4: First BanCorp Director Luz Crespo Sells 10,000 Shares
SEC Form 4
Director Luz Crespo sold 10,000 shares of First BanCorp (FBP) at a price of $16.4668 on March 15, 2024.
Summary
- On March 15, 2024, Luz Crespo, a director of First BanCorp, sold 10,000 shares of the company's common stock.
- The transaction was executed at a price of $16.4668 per share.
- Following the sale, Luz Crespo directly owns 50,055 shares of First BanCorp.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, which is common for directors and officers of publicly traded companies. It provides transparency to the market regarding the trading activities of company insiders.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but it is a relatively small transaction and may not have a significant impact.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: Luz Crespo sold 10,000 shares of First BanCorp. |
| 03/19/2024 | Date of signature of the Form 4 filing. |
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