McDonald Michael 4
4 · FIRST BANCORP /PR/ · Filed Jan 29, 2026
Research Summary
AI-generated summary of this filing
First BanCorp (FBP) EVP Michael McDonald Sells 34,122 Shares
What Happened
Michael McDonald, Executive Vice President of First BanCorp (FBP), disposed of 34,122 shares in open-market sales on January 28, 2026. The weighted average sale price was $22.11 per share, resulting in proceeds of approximately $754,437. The shares were sold in multiple transactions at prices ranging from $21.97 to $22.20.
Key Details
- Transaction type: Sale (code S) — open market/private sale reported.
- Date of transaction: 2026-01-28; filing date: 2026-01-29 (filed promptly).
- Price details: Weighted average $22.11; individual trade prices ranged $21.97–$22.20. The filer offered to provide exact breakdowns on request (see footnote).
- Shares owned after transaction: Not specified in this filing.
- No indication in the filing of a 10b5-1 plan, option exercise, gift, or tax-withholding disposition.
Context
- Sales by insiders can be routine (diversification, liquidity, tax) and do not by themselves indicate company prospects. Purchases typically carry more direct bullish signal than sales.
- This report reflects a straightforward outright sale of shares rather than an exercise of options or receipt of awards.
Insider Transaction Report
Form 4
Transactions
- Sale
First BanCorp Common Stock, par value $0.10 per share
[F1]2026-01-28$22.11/sh−34,122$754,437→ 62,937 total
Footnotes (1)
- [F1]This amount represents the weighted average sale price for the shares, which were sold in multiple transactions on January 28, 2026 at prices ranging from $21.97 to $22.20. The reporting person undertakes to provide to First BanCorp, any security holder of First BanCorp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1).
Signature
/s/ Adolfo Sepulveda, Esq., Attorney-in-Fact|2026-01-29