Form 4: First BanCorp EVP Michael McDonald Sells Shares
SEC Form 4
Michael McDonald, EVP of First BanCorp, sold 7,612 shares of First BanCorp common stock at an average price of $21.65 on August 26, 2024.
Summary
- On August 26, 2024, Michael McDonald, an Executive Vice President at First BanCorp, sold 7,612 shares of the company's common stock.
- The shares were sold at a weighted average price of $21.65, with individual transaction prices ranging from $21.55 to $21.68.
- Following the transaction, McDonald directly owns 89,420 shares of First BanCorp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of an executive's stock sale. The transaction itself doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of insider trading disclosures, providing transparency into the transactions of company executives and directors. This sale represents one individual's transaction and may not be indicative of broader trends.
Stakeholder Impact
- The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and reasons for the sale.
Key Dates
| Date | Description |
|---|---|
| 08/26/2024 | Date of the stock sale transaction. |
| 08/28/2024 | Date of signature on the Form 4 filing. |
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