Form 4: First BanCorp EVP Michael McDonald Reports Stock Transaction
SEC Form 4 Filing
EVP Michael McDonald reports disposition of 1,290 shares of First BanCorp common stock to cover taxes related to vested restricted stock.
Summary
- On March 16, 2025, Michael McDonald, an Executive Vice President of First BanCorp, disposed of 1,290 shares of First BanCorp common stock.
- The shares were withheld to cover taxes related to restricted stock that vested on the same date.
- The transaction occurred at a price of $18.26 per share.
- Following the transaction, McDonald beneficially owns 86,186 shares of First BanCorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related stock disposal by an executive.
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. |
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