First BanCorp (NYSE: FBP) credit chief sells 10,000 shares
Rhea-AI Filing Summary
FIRST BANCORP (FBP) executive Nayda Rivera, EVP, CCO and Chief of Staff, reported selling 10,000 shares of First BanCorp common stock on August 26, 2026 in an open market or private transaction at a weighted average price of $28.1852 per share, with individual trade prices ranging from $28.14 to $28.2302. Following this sale, Rivera directly holds 230,398 shares of First BanCorp common stock. The filing does not indicate use of a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares
Net Sell
1 txn
Insider
RIVERA NAYDA
Role
EVP, CCO and Chief of Staff
Sold
10,000 shs ($282K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | First BanCorp Common Stock, pay value $0.10 per share F1 | 10,000 | $28.1852 | $282K |
Holdings After Transaction:
First BanCorp Common Stock, pay value $0.10 per share — 230,398 shares (Direct)
Footnotes (1)
- F1. This amount represents the weighted average sale price for the shares, which were sold in multiple transactions on August 26, 2026 at prices ranging from $28.14 to $28.2302.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,fullinformation regarding the number of shares sold at each separate price within the ranges set forth in footnote (1).
Key Figures
Shares sold: 10,000 shares
Weighted average sale price: $28.1852 per share
Sale price range: $28.14 to $28.2302 per share
+1 more
4 metrics
Shares sold
10,000 shares
Non-derivative sale on August 26, 2026
Weighted average sale price
$28.1852 per share
Shares sold in multiple transactions on August 26, 2026
Sale price range
$28.14 to $28.2302 per share
Price range of individual trades on August 26, 2026
Shares owned after transaction
230,398 shares
Direct ownership following the reported sale
Key Terms
weighted average sale price, open market or private transaction, Rule 10b5-1
3 terms
weighted average sale price financial
"This amount represents the weighted average sale price for the shares"
open market or private transaction financial
"transaction_code_description: Sale in open market or private transaction"
Rule 10b5-1 regulatory
"aff_10b5_one is the filing's document-level Rule 10b5-1 checkbox"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What insider transaction did FBP executive Nayda Rivera report?
Nayda Rivera reported a sale of 10,000 First BanCorp (FBP) shares on August 26, 2026 at a weighted average price of $28.1852 per share, with actual trade prices ranging from $28.14 to $28.2302.
What role does Nayda Rivera hold at FIRST BANCORP (FBP)?
Nayda Rivera is reported as an Executive Vice President (EVP), Chief Credit Officer (CCO) and Chief of Staff at FIRST BANCORP (FBP), according to the Form 4 filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.