Form 4: First BanCorp Director Patricia Eaves Reports Stock Transactions
SEC Form 4 Filing
Director Patricia Eaves reports acquisition and disposal of First BanCorp stock related to vesting of restricted stock.
Summary
- On March 31, 2024, Patricia Eaves, a director of First BanCorp, engaged in transactions involving the company's common stock.
- 351 shares were withheld to cover taxes related to restricted stock that vested on March 31, 2024, at a price of $17.54 per share.
- Eaves also acquired 2,280 shares of restricted stock on March 31, 2024, at a price of $17.54 per share, which will vest on March 31, 2025.
- Following these transactions, Eaves beneficially owns 18,130 shares of First BanCorp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Future Outlook
The acquired restricted stock will vest on March 31, 2025.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 03/31/2023 | Date of restricted stock award. |
| 03/31/2024 | Date of stock transactions: shares withheld for taxes and restricted stock issued. |
| 03/31/2025 | Vesting date for the restricted stock issued on March 31, 2024. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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