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 16, 2025, Jose Maria Lacasa, an Executive Vice President at First BanCorp, had 2,416 shares of First BanCorp common stock withheld to cover taxes.
- This transaction was related to restricted stock that vested on the same date, pursuant to a long-term incentive award made on March 16, 2023.
- Following the transaction, Lacasa directly owns 54,404 shares of First BanCorp common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine insider transaction. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure of an insider transaction, which is common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/16/2023 | Date of the long-term incentive award. |
| 03/16/2025 | Date of the stock transaction and vesting of restricted stock. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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