Form 4: First BanCorp Director Roberto R. Herencia Sells 100,000 Shares
SEC Form 4 Filing
Director Roberto R. Herencia of First BanCorp sold 100,000 shares of the company's common stock at an average price of $22.1812 on November 6, 2024.
Summary
- On November 6, 2024, Roberto R. Herencia, a director of First BanCorp, sold 100,000 shares of First BanCorp common stock.
- The shares were sold at a weighted average price of $22.1812.
- The prices ranged from $22.17 to $22.23.
- Following the transaction, Herencia directly owns 651,945 shares of First BanCorp.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways by the market.
Industry Context
Sales by company insiders are routinely monitored by investors. While not inherently negative, large sales can sometimes signal a lack of confidence in the company's near-term prospects.
Stakeholder Impact
- Shareholders may react to the news of the director's stock sale, potentially influencing the stock price.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date of the stock sale transaction. |
| 11/08/2024 | Date of signature on the Form 4 filing. |
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