Form 4: First BanCorp EVP, General Counsel Sara Alvarez-Cabrero Reports Stock Transaction
SEC Form 4 Filing
Sara Alvarez-Cabrero, EVP and General Counsel of First BanCorp, reports the withholding of shares to cover taxes related to a restricted stock that vested on March 31, 2024.
Summary
- On March 31, 2024, Sara Alvarez-Cabrero, EVP and General Counsel of First BanCorp, had 1,129 shares of First BanCorp Common Stock withheld to cover taxes.
- This transaction occurred at a price of $17.54 per share.
- Following the transaction, Alvarez-Cabrero directly owns 60,398 shares of First BanCorp Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider stock transactions, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine insider stock transaction.
Key Dates
| Date | Description |
|---|---|
| 03/31/2021 | Date of the restricted stock award. |
| 03/31/2024 | Date of the stock transaction (shares withheld for taxes) and vesting of restricted stock. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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