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First BanCorp director plans $765K stock sale

First Bancorp director Roberto Herencia filed a Rule 144 notice to sell 26,350 common shares valued at $765,000 through Merrill Lynch.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

FIRST BANCORP (FBP) director Roberto Herencia filed a notice of proposed sale of common stock under Rule 144. The notice covers 26,350 shares of First Bancorp common stock, with an indicated aggregate market value of $765,000, to be sold through Merrill Lynch on or after August 28, 2026 on the NYSE.

The shares relate to stock awards granted on September 30 of 2019, 2022, 2023 and 2024. First Bancorp had 152,668,268 shares outstanding of common stock referenced in the notice. The form reports no sales during the past three months that are required to be listed.

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Shares proposed to be sold 26,350 shares First Bancorp common stock covered by the Rule 144 notice
Aggregate market value of proposed sale $765,000 Value of 26,350 First Bancorp shares in the Rule 144 notice
Shares outstanding 152,668,268 shares First Bancorp common stock referenced as outstanding
Planned sale date August 28, 2026 Date associated with the proposed NYSE sale
Stock award 2023 7,309 shares Common stock from a September 30, 2023 stock award to be sold
Stock award 2024 7,429 shares Common stock from a September 30, 2024 stock award to be sold
Stock award 2022 7,604 shares Common stock from a September 30, 2022 stock award to be sold
Stock award 2019 4,008 shares Common stock from a September 30, 2019 stock award to be sold
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Stock Award financial
"Common | 09/30/2023 | Stock Award | Issuer"
Aggregate market value financial
"Common | Merrill Lynch ... | 26350 | 765000 | 152668268"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
Securities To Be Sold regulatory
"144: Securities To Be Sold"

FAQ

What does the Form 144 filing for FBP disclose about planned share sales?
The notice states that director Roberto Herencia plans to sell 26,350 shares of First Bancorp common stock under Rule 144, with an indicated aggregate market value of $765,000, through Merrill Lynch on or after August 28, 2026 on the NYSE.

Who is selling First Bancorp (FBP) shares under this Form 144?
The filing identifies Roberto Herencia, a director of First Bancorp, as the person for whose account the securities are to be sold. The sale is to be executed through Merrill Lynch as the broker.

How many First Bancorp (FBP) shares are covered by the Rule 144 notice?
The Form 144 covers a proposed sale of 26,350 shares of First Bancorp common stock. These shares are tied to stock awards granted on September 30 of 2019, 2022, 2023, and 2024.

What is the aggregate market value of the FBP shares in this Form 144?
The notice lists an aggregate market value of $765,000 for the 26,350 shares of First Bancorp common stock proposed to be sold through Merrill Lynch on the NYSE.

How many First Bancorp (FBP) shares were outstanding as referenced in the Form 144?
The Form 144 references 152,668,268 shares of First Bancorp common stock outstanding. This figure provides context for the planned sale, and is a baseline figure, not the amount being sold.

Does the Form 144 for FBP report any sales in the past three months?
The section for Securities Sold During The Past 3 Months contains no entries, indicating that there are no such sales required to be listed in this notice.

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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR