FIRST BANCORP Chairman Herencia Sells $750,000 in Stock

First BanCorp (FBP), the Puerto Rico-based bank holding company, disclosed in a Form 4 filing with the Securities and Exchange Commission that insider Roberto R. Herencia sold 26,350 common shares on 2 September 2026. The transaction was executed at $28.481 per share, for a combined open-market value of roughly $750,474.

The filing lists the trade under transaction code S, which the SEC uses for an open-market sale, as opposed to code P for a purchase. Codes A, M and F, which cover grants, option exercises and tax withholding, are routine compensation events and were not used here.

After the sale, Herencia still held 610,669 shares of First BanCorp common stock, so the disposal represents a small fraction of his reported position. The stock carries a stated par value of $0.10 per share.

The filing does not say why the shares were sold, nor does it indicate whether the sale was made under a pre-arranged trading plan. Form 4 disclosures report only the mechanics of a transaction, not the motivation behind it.

Insider sales of this size are watched by investors because they show what people with the closest view of the business are doing with their own holdings, but a single disposal that leaves the bulk of a stake intact is a limited signal on its own.

No other reporting persons or transactions were included in the disclosure.

This is a factual summary of a public filing or press release, not investment advice. Verify all figures against the source before acting on them.