First Bancorp Insider Sara Alvarez-Cabrero Files Form 4
| Field | Detail |
|---|---|
| Company | Alvarez-Cabrero Sara |
| Form Type | 4 |
| Filed Date | Mar 23, 2026 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.10 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-filing, form-4, ownership-change
TL;DR
**Insider Sara Alvarez-Cabrero filed a Form 4 for First Bancorp, signaling a change in ownership.**
AI Summary
Sara Alvarez-Cabrero, an insider at First Bancorp /PR/, filed a Form 4 on March 23, 2026, indicating a change in her beneficial ownership of the company's securities as of March 19, 2026. While the filing confirms her status as a reporting person, the specific details of the transaction (buy, sell, grant) are not provided in the summary text. This matters to investors because insider transactions can signal management's confidence (or lack thereof) in the company's future performance, potentially influencing stock price.
Why It Matters
Insider filings like this can offer clues about how company executives view the stock's value, which can be a significant factor for current and potential shareholders.
Risk Assessment
Risk Level: low — This filing is purely administrative, reporting a change in beneficial ownership, and does not inherently indicate a high risk.
Analyst Insight
A smart investor would look for the full Form 4 document to understand the specific transaction (buy or sell, and the amount) made by Sara Alvarez-Cabrero, as this detail is crucial for interpreting the insider's sentiment.
Key Players & Entities
- Alvarez-Cabrero Sara (person) — Reporting person (insider) for First Bancorp /PR/
- FIRST BANCORP /PR/ (company) — Issuer of the securities
- 0001860032 (person) — CIK for Alvarez-Cabrero Sara
- 0001057706 (company) — CIK for FIRST BANCORP /PR/
- 2026-03-23 (date) — Filing Date and Accepted Date
- 2026-03-19 (date) — Period of Report
FAQ
Who is Alvarez-Cabrero Sara in relation to First Bancorp /PR/?
Alvarez-Cabrero Sara is a 'Reporting' person, meaning she is an insider (officer, director, or significant shareholder) of First Bancorp /PR/.
What type of filing is this and what does it generally indicate?
This is a Form 4, a 'Statement of changes in beneficial ownership of securities,' which indicates that an insider has had a transaction involving the company's stock, such as a purchase, sale, or grant of shares.
When was this Form 4 filed and what is the period of report?
The Form 4 was filed and accepted on March 23, 2026, and the period of report for the transaction is March 19, 2026.
Filing Stats: 867 words · 3 min read · ~3 pages · Grade level 7.9 · Accepted 2026-03-23 18:30:04
Key Financial Figures
- $0.10 — First BanCorp Common Stock, par value $0.10 per share 03/19/2026 A 9,781 (1) A $ 20
Filing Documents
- ownership.html (4)
- ownership.xml (4) — 8KB
- 0001193125-26-120155.txt ( ) — 9KB
From the Filing
SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Alvarez-Cabrero Sara (Last) (First) (Middle) PO BOX 9146 (Street) SAN JUAN PUERTO RICO 00908 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol FIRST BANCORP /PR/ [ FBP ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) EVP, General Counsel 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/19/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price First BanCorp Common Stock, par value $0.10 per share 03/19/2026 A 9,781 (1) A $ 20.59 86,267 D First BanCorp Common Stock, par value $0.10 per share 03/21/2026 F 1,694 (2) D $ 20.57 84,573 D Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Performance Share Unit (3) 03/19/2026 A 9,781 (3) 03/19/2029 Common Stock 9,781 $ 0 27,122 (4) D Explanation of Responses: 1. Shares of restricted stock issued pursuant to the First BanCorp Omnibus Incentive Plan, as amended. The shares shall fully vest solely on the basis of the passage of time over a three-year period, with 50% vesting on year two or March 19, 2028, and the remaining 50% vesting on year three or March 19, 2029. 2. Shares withheld to cover taxes related to restricted stock that vested on March 21, 2026 pursuant to the terms of the restricted stock award made on March 21, 2024. 3. Performance Share Units granted as a performance award, vesting based upon degree of achievement of performance goal. Each Performance Share Unit represents a contingent right to receive one share of FBP common stock. At the end of the performance period, 50% of the award is paid for threshold-level performance up to 150% for maximum level performance, in FBP common stock free of restriction. Amounts between threshold, target, and maximum level performance are interpolated to reward incremental achievement and no amounts are paid if actual results of the performance goal are below threshold-level performance. 4. The amount of 27,122 Performance Share Units were granted as a performance award with 8,830 shares granted on March 21, 2024, 8,511 shares granted on March 19, 2025, and 9,781 shares granted on March 19, 2026 and vest upon the degree of achievement of performance goals. Each Performance Share Unit represents a contingent right to receive one share of FBP common stock. /s/ Adolfo Sepulveda, Es., Attorney-in-Fact 03/23/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction