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 a transaction involving the withholding of shares to cover taxes related to vested restricted stock.
Summary
- On March 16, 2025, Sara Alvarez-Cabrero, EVP and General Counsel of First BanCorp, had 2,814 shares of First BanCorp common stock withheld at a price of $18.26 per share to cover taxes related to restricted stock that vested on the same date.
- Following the transaction, Alvarez-Cabrero beneficially owns 57,670 shares of First BanCorp common stock directly.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to insider stock transactions, which has a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- Shareholders can monitor insider transactions for insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/16/2023 | Date of long-term incentive award. |
| 03/16/2025 | Date of transaction: Shares withheld for taxes; restricted stock vested. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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