Form 4: First BanCorp EVP Lopez-Lay Ginoris Reports Stock Transaction
SEC Form 4 Filing
EVP Lopez-Lay Ginoris of First BanCorp reports the withholding of shares to cover taxes related to vested restricted stock.
Summary
- On March 16, 2025, Ginoris Lopez-Lay, an EVP at First BanCorp, had 2,566 shares of First BanCorp common stock withheld to cover taxes.
- This transaction occurred at a price of $18.26 per share.
- Following the transaction, Lopez-Lay Ginoris directly owns 190,841 shares of First BanCorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock transactions, and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common occurrence in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax withholding related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/16/2023 | Date of long-term incentive award |
| 03/16/2025 | Date of stock transaction (tax withholding) and vesting of restricted stock |
| 03/18/2025 | Date of signature on the Form 4 filing |
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