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.