Form 4: First BanCorp EVP Jose Maria Lacasa Reports Stock Transaction
SEC Form 4 Filing
Jose Maria Lacasa, EVP of First BanCorp, reports the withholding of shares to cover taxes related to vested restricted stock.
Summary
- On March 31, 2024, Jose Maria Lacasa, an Executive Vice President at First BanCorp, had 1,328 shares of First BanCorp common stock withheld to cover taxes.
- This was related to restricted stock that vested on the same date, March 31, 2024, pursuant to a restricted stock award made on March 31, 2021.
- The price per share for the transaction was $17.54.
- Following the transaction, Lacasa beneficially owns 56,578 shares of First BanCorp common stock directly.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions, and does not contain information that would significantly impact sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/31/2021 | Date of restricted stock award |
| 03/31/2024 | Date of stock vesting and tax withholding |
| 04/02/2024 | Date of Form 4 filing |
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