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.