Form 4: First BanCorp Executive Said Ortiz Reports Stock Transaction
SEC Form 4 Filing
Said Ortiz, Chief Accounting Officer of First BanCorp, reports the withholding of shares to cover taxes related to vested restricted stock.
Summary
- On March 24, 2025, Said Ortiz, the Chief Accounting Officer of First BanCorp, had 699 shares of First BanCorp Common Stock withheld to cover taxes.
- The shares were withheld at a price of $19.04 per share.
- Following the transaction, Ortiz directly owns 41,962.831 shares of First BanCorp Common Stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions, and it doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/24/2022 | Date of restricted stock award |
| 03/24/2025 | Date of transaction: Shares withheld for taxes; restricted stock vested |
| 03/26/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, First BanCorp, FBP, Said Ortiz, Chief Accounting Officer, Stock Transaction, Beneficial Ownership, Restricted Stock, Tax Withholding
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