Form 4: First BanCorp Director's Routine Stock Transactions
Insider Transaction Report
First BanCorp Director Felix Villamil reported routine transactions involving restricted stock, including tax-related dispositions and new grants.
Summary
- Director Felix Villamil reported transactions on October 30, 2025, involving First BanCorp Common Stock.
- 207 shares were disposed of at a price of $19.48 per share to cover taxes related to restricted stock that vested on October 30, 2025.
- 2,053 shares of new restricted stock were acquired at a price of $19.48 per share, granted pursuant to the First BanCorp Omnibus Incentive Plan.
- The newly acquired restricted stock will vest over a one-year period on October 30, 2026.
- Following these transactions, Director Villamil beneficially owns 19,060 shares of First BanCorp Common Stock.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions related to executive compensation, which are generally neutral in sentiment as they are expected events under existing incentive plans.
Positives
- The acquisition of 2,053 shares of restricted stock aligns Director Villamil's long-term incentives with the company's performance and shareholder interests.
Negatives
- No inherently negative aspects; the disposition of 207 shares was a standard, non-discretionary event to cover tax obligations related to vested restricted stock.
Future Outlook
The newly acquired restricted stock for Director Villamil is scheduled to vest on October 30, 2026, based on the passage of time.
Industry Context
This filing details routine insider transactions related to executive compensation, which are common across publicly traded companies and do not inherently reflect broader industry trends.
Stakeholder Impact
- Shareholders: Minimal direct impact as these are routine compensation-related transactions for a director, aligning their interests with long-term company performance.
- Employees: No direct impact mentioned.
Next Steps
- The 2,053 shares of restricted stock granted on October 30, 2025, are scheduled to vest on October 30, 2026.
Key Dates
| Date | Description |
|---|---|
| 10/30/2024 | Date of original restricted stock award to Director Villamil. |
| 10/30/2025 | Date of restricted stock vesting, disposition of shares for tax withholding, and acquisition of new restricted stock grant. |
| 11/03/2025 | Date the Form 4 was signed by the attorney-in-fact for Felix Villamil. |
| 10/30/2026 | Vesting date for the 2,053 shares of newly granted restricted stock. |
Keywords
FBP, First BanCorp, Insider Transaction, Form 4, Director, Restricted Stock, Executive Compensation, Stock Grant
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