Form 4: First BanCorp EVP Nayda Rivera Reports Stock Transactions

Nayda Rivera, EVP and CRO of First BanCorp, reports the vesting and subsequent tax withholding of performance share units and restricted stock, resulting in changes to her beneficial ownership.

Summary

• On March 24, 2025, Nayda Rivera, EVP and CRO of First BanCorp, reported transactions related to performance share units and restricted stock.
• 12,642 Performance Share Units vested based on the achievement of performance goals, resulting in the receipt of 12,642 shares of FBP common stock.
• 5,354 shares were withheld to cover taxes related to the vested Performance Share Units at a price of $19.04 per share.
• 2,677 shares were withheld to cover taxes related to restricted stock that vested, also at a price of $19.04 per share.
• Following these transactions, Rivera directly owns 250,211 shares of First BanCorp common stock and 44,100 Performance Share Units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and any changes due to vesting or other transactions.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect changes in executive ownership.
• Employees who are also shareholders may be interested in executive compensation trends.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Performance Share Units, Restricted Stock, First BanCorp, FBP, Nayda Rivera, Vesting, Tax Withholding