Form 4: First BanCorp EVP Nayda Rivera Sells 10,000 Shares

Nayda Rivera, EVP and CRO of First BanCorp, sold 10,000 shares of the company's common stock at an average price of $20.20 on May 2, 2025.

Summary

• On May 2, 2025, Nayda Rivera, the Executive Vice President and Chief Risk Officer of First BanCorp, sold 10,000 shares of First BanCorp common stock.
• The sale was executed at a weighted average price of $20.20 per share.
• The prices for the shares sold ranged from $20.10 to $20.30.
• Following the transaction, Rivera directly owns 240,211 shares of First BanCorp common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. This sale represents a change in beneficial ownership and is publicly disclosed as per SEC regulations.

Stakeholder Impact

• The sale of shares by an executive could be perceived differently by stakeholders.
• Some may view it as a lack of confidence in the company's future, while others may see it as a normal part of personal financial planning.

Key Dates

Keywords

First BanCorp, FBP, Nayda Rivera, stock sale, Form 4, executive compensation, insider trading