Form 4: First BanCorp EVP and CRO Nayda Rivera Sells $25,000 in Company Stock

Nayda Rivera, EVP and CRO of First BanCorp, sold 25,000 shares of company stock at an average price of $21.1936 on November 8, 2024.

Summary

• On November 8, 2024, Nayda Rivera, the EVP and CRO of First BanCorp, sold 25,000 shares of First BanCorp common stock.
• The sale was executed at a weighted average price of $21.1936 per share.
• The total value of the shares sold was approximately $529,840.
• Following the transaction, Rivera directly owns 236,490 shares of First BanCorp, which includes 2,670 shares purchased through the Employee Purchase Plan.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard Form 4 filing reporting an insider stock sale. The sale itself doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. The sale itself doesn't necessarily indicate a negative outlook for the company, as insiders may sell shares for various personal financial reasons.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common occurrence.
• The impact is likely minimal unless the sale is part of a larger trend of insider selling.

Key Dates