FBP FIRST BANCORP /PR/ Insider Trading

CEO Aurelio Aleman sold 50,000 FBP shares at $22.30; stock at 52-week high.

Aurelio Aleman, President and CEO of First BanCorp, sold 50,000 shares (50.0K shares) for $1,114,925.00 on 2025-08-22 at $22.30, reducing his holdings by 50,000 shares from 1,109,547 to 1,059,547 shares. The sale occurred at the 52-week high ($16.84–$22.30), with the stock up 5.5% over the prior 30 days and 10.2% over 90 days. Looking at his same-ticker history at FBP, 3 of 5 prior sells exhibited negative 90-day returns, indicating occasional well-timed exits, though the two most recent sales in July 2024 (-1.5% and -0.9% at 30 days) were followed by sharper declines at 90 days (-9.0% and -12.7%), while his broader cross-ticker track record shows a 60.00% well-timed rate with an average 90-day return of -2.7% after sells. The company fundamentals remain sound (revenue $246,809,000.00, net income $80,180,000.00, P/E of 11.68), providing context that this sale occurs within a company operating profitably and growing at 6.0% annually.

EVP Power Carlos sells 56,118 shares of FBP for $1,165,364.44 across 2 transactions, reducing holdings by 24.2%

Power Carlos, Executive Vice President at First BanCorp, executed 2 separate sales totaling 56,118 shares for $1,165,364.44 on February 5 and 7, 2025, at blended average price $20.77. This represents a material 24.2% reduction in his holdings, from 232,340 shares to 176,222 shares post-transaction. The sale occurs with the stock at $20.84, near its 52-week high of $22.20, though up 11.6% over the past 30 days. First BanCorp shows solid fundamentals: $234.6M latest quarterly revenue, $73.7M net income, 17.3% annual revenue growth, and P/E of 11.26. The magnitude of the position reduction—over one-quarter of prior holdings—warrants monitoring to determine whether it reflects portfolio management or a broader signaling event.

EVP Kafka Donald sells 80,000 FBP shares at $21.89 for $1.8M; position reduced 45.8%.

Kafka Donald, EVP and COO, executed a substantial open-market sale of 80,000 shares (80.0K shares) at $21.89 on 2024-11-25, reducing his shareholdings from 174,589 shares (174.6K shares) to 94,589 shares (94.6K shares)—a reduction of 45.8% of pre-transaction holdings. The sale was priced near the 52-week high of $22.20 (-4.2% from peak), occurring during a 30-day uptrend of +12.6%. Historically, Kafka's cross-ticker sell activity has shown mixed timing outcomes: his 2 prior sells averaged 90-day returns of +0.3%, with a 50.00% well-timed rate. At FBP specifically, his prior two sales (2024-07-24 and 2023-12-05) produced divergent 90-day results of -6.5% and +7.1%, respectively—one sale well-timed and one poorly-timed. The company fundamentals show strong underlying health: FY annual revenue growth of +17.3%, P/E of 11.49, and net income of $73.7M on quarterly revenue of $234.6M. The magnitude and timing of this sale—removing nearly half his stake near recent highs—merit attention, though the mixed pattern in his prior FBP transactions and the company's solid fundamentals do not clearly indicate a directional signal.

FBP CEO Aleman sold 50,000 shares at $21.64 on 2024-11-11; stock near 52-week high of $22.20, holds 1,045,261 shares post-sale.

ALEMAN AURELIO, President and CEO, sold 50,000 shares (50.0K shares) at $21.64, reducing his holdings by 4.6% to 1,045,261 shares (1.05M shares). The transaction price of $21.64 is within 4.0% of the 52-week high of $22.20, and the stock is up 6.2% over 90 days and 0.8% over 30 days, indicating a strong recent momentum environment. His same-ticker history at FBP shows 4 prior sells, with mixed timing outcomes: 2 of the 4 prior sells at this ticker were well-timed at the 90-day mark (sales preceded declines), while 2 were not. His cross-ticker track record across all open-market sales shows a 50.00% well-timed rate with an average 90-day return of -2.5%, suggesting modest predictive accuracy at best. The company fundamentals appear solid: annual revenue growth of 17.3%, P/E of 11.52, and net income of $73.7M on revenue of $234.6M. The sale occurs in a context of near-peak valuations and recent stock strength, with limited signal of concern given the CEO maintains substantial holdings of 1,045,261 shares.

EVP and CRO RIVERA NAYDA sells 25,000 shares at $21.19; retains 236,490 shares post-transaction.

RIVERA NAYDA, serving as EVP and CRO, executed a sale of 25,000 shares at $21.19, reducing holdings by 9.6% to 236,490 shares. The transaction occurred near the 52-week high of $22.20, with the stock trading 2.5% below its peak and up 3.4% over the prior 30 days and 9.3% over 90 days. Against a backdrop of strong fundamentals—revenue growth of 17.3% year-over-year, quarterly net income of $73.7M, and a P/E of 11.70—this sale represents a partial reduction in position rather than material portfolio liquidation. The modest scale (under 10% of pre-transaction holdings) suggests routine rebalancing activity rather than a signal tied to operational conviction about near-term prospects.

EVP Lopez-Lay Ginoris sold 64,000 shares of FBP at $21.75 for $1.4M; retains 193,407 shares

EVP Lopez-Lay Ginoris sold 64,000 shares (64.0K shares) at $21.75, reducing holdings by 24.9% to 193,407 shares. The stock is currently trading at $21.65, just 0.46% below the transaction price, within its 52-week range of $13.96–$22.20 and near the 52-week high of $22.20. First Bancorp's fundamentals remain solid with recent quarterly revenue of $234,566,000.00 (234.6M), net income of $73,727,000.00 (73.7M), annual growth of 17.3%, and a P/E of 11.70. The sale occurs in the context of modest near-term price appreciation (30-day change: +3.4%, 90-day change: +9.3%) but without a defined trading plan disclosure pattern or stated rationale in available data.

Director Herencia Roberto R sold 100,000 shares (100.0K shares) of FBP at $22.18 on 2024-11-06, reducing stake to 651,945 shares (651.9K shares).

Herencia Roberto R, a Director, executed a 100,000-share open-market sale at $22.18, representing a 13.3% reduction of his holdings. The sale occurred near the stock's 52-week high of $22.20, when FBP's stock has appreciated 4.0% over 30 days and 6.7% over 90 days. First Bancorp's recent fundamentals show strong operating performance with annual revenue growth of +17.3%, quarterly net income of $73,727,000.00, and a modest P/E of 11.39. Herencia's cross-ticker track record shows his prior 2 buys averaged -5.8% return over 90 days with a 0.00% win rate, providing limited predictive value for this specific transaction's timing or implications. The sale's significance is moderate: while the scale is material ($2,218,120.00) and represents a substantial portfolio adjustment, the stock's proximity to 52-week highs and the company's strong growth trajectory limit the sale's urgency as a negative signal.

FBP CEO Aurelio Aleman sold 100,000 shares for $2,156,955.00 over 2 days at $21.62–$21.52.

Aurelio Aleman, President and CEO, executed 2 separate sales totaling 100,000 shares for $2,156,955.00 at prices ranging from $21.62 to $21.52 on 2024-07-29 and 2024-07-30, reducing his holdings from 1,195,261 shares to 1,095,261 shares. The blended average price of $21.57 sits near the current price of $21.45, and the stock is within -1.7% of its 52-week high. His prior two sales at FBP occurred on 2024-03-05 and 2023-12-07; the 90-day outcomes after those trades showed mixed results (+1.6% and +10.0% respectively), with 0 of 2 prior sells well-timed at the 90-day mark. The company's fundamentals remain solid with annual revenue growth of +17.3%, a P/E of 11.66, and net income of $73,458,000.00 in the latest quarter. This sale represents an 8.4% reduction in Aleman's pre-transaction holdings.

FBP COO Kafka Donald sold 50,000 shares at $21.81; holdings dropped 22.3% to 174,589 shares post-transaction.

Kafka Donald, EVP and COO of First BancCorp /PR/, sold 50,000 shares (50.0K shares) at $21.81 on 2024-07-24, reducing holdings by 22.3% to 174,589 shares (174.6K shares). The sale occurred at the 52-week high of $21.79, with the stock having appreciated 21.8% over 30 days and 26.4% over 90 days. His prior sell at FBP on 2023-12-05 generated a 90-day return of +7.1%, indicating the stock rose after that sale rather than declined. The company shows solid fundamentals with annual revenue growth of +17.3%, a P/E of 11.84, and net income of $73.5M on revenue of $230.5M in the latest quarter.