FBP.NYSEFirst Bancorp /PR/

Form 4: First BanCorp Director Tracey A. Dedrick Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Director Tracey A. Dedrick reports acquisition and disposal of First BanCorp common stock related to restricted stock vesting and tax obligations.

Summary

  • On September 30, 2024, Director Tracey A. Dedrick engaged in transactions involving First BanCorp common stock.
  • 40 shares were disposed of at $21.17 per share to cover taxes related to restricted stock that vested.
  • 1,889 shares of restricted stock were acquired at $21.17 per share, vesting over a one-year period until September 30, 2025.
  • Following these transactions, Dedrick beneficially owns 31,089.2823 shares of First BanCorp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.

Future Outlook

The acquired restricted stock will vest on September 30, 2025, based on the passage of time.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence in publicly traded companies.

Stakeholder Impact

  • The transactions have a minimal impact on stakeholders as they are related to insider compensation and tax obligations.

Key Dates

DateDescription
09/30/2023Date of restricted stock award.
09/30/2024Date of transaction: disposal of shares for tax obligations and acquisition of restricted stock.
09/30/2025Vesting date for the acquired restricted stock.
10/02/2024Date of signature of the report.

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