FBP.NYSEFirst Bancorp /PR/
Form 4: First BanCorp EVP Carlos Power Sells Shares
Sentiment:
SEC Form 4
EVP Carlos Power of First BanCorp /PR/ (FBP) reports selling shares of common stock on February 5th and 7th, 2025.
Summary
- Carlos Power, an EVP at First BanCorp, reported changes in beneficial ownership of the company's common stock.
- On February 5, 2025, Power sold 45,797 shares at a price of $20.77 per share.
- Following this transaction, Power directly owned 186,543 shares.
- On February 7, 2025, Power sold 10,321 shares at a price of $20.75 per share.
- Following this transaction, Power directly owned 176,222 shares.
- Power also indirectly owns 20,344.5736 shares through a 401K plan.
Sentiment
Score: 5
Explanation: This is a routine Form 4 filing, indicating changes in beneficial ownership. The sentiment is neutral as it simply reports transactions.
Stakeholder Impact
- Shareholders may react to the news of an executive selling shares, although the impact is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 02/05/2025 | Date of first reported transaction: sale of 45,797 shares. |
| 02/07/2025 | Date of second reported transaction: sale of 10,321 shares. |
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