Form 4: First BanCorp EVP Lilian Diaz-Bento Reports Stock Transaction
SEC Form 4 Filing
EVP Lilian Diaz-Bento reports disposition of First BanCorp shares to cover taxes related to vested restricted stock.
Summary
- On March 16, 2025, Lilian Diaz-Bento, an Executive Vice President of First BanCorp, disposed of 1,876 shares of First BanCorp common stock.
- The shares were withheld to cover taxes related to restricted stock that vested on March 16, 2025, pursuant to a long-term incentive award made on March 16, 2023.
- The transaction price was $18.26 per share.
- Following the transaction, Diaz-Bento beneficially owns 28,555 shares of First BanCorp common stock directly.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding a stock transaction related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a standard procedure related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/16/2023 | Date of long-term incentive award |
| 03/16/2025 | Date of transaction and vesting of restricted stock |
| 03/18/2025 | Date of signature on the Form 4 filing |
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