McDonald Michael 4

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.