4//SEC Filing
Power Carlos 4
Accession 0000950170-24-036103
CIK 0001057706other
Filed
Mar 24, 8:00 PM ET
Accepted
Mar 25, 8:10 PM ET
Size
10.4 KB
Accession
0000950170-24-036103
Insider Transaction Report
Form 4
Power Carlos
EVP
Transactions
- Award
Performance Share Unit
2024-03-21+9,531→ 44,259 totalExp: 2027-03-21→ Common Stock (9,531 underlying) - Award
First BanCorp Common Stock, par value $0.10 per share.
2024-03-21$17.35/sh+9,532$165,380→ 256,325 total - Tax Payment
First BanCorp Common Stock, par value $0.10 per share.
2024-03-24$16.86/sh−1,616$27,246→ 254,709 total
Holdings
- 19,819.455(indirect: By 401(k))
First BanCorp Common Stock, par value $0.10 per share.
Footnotes (4)
- [F1]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 21, 2026 and the remaining 50% vesting on year three or March 21, 2027.
- [F2]Shares withheld to cover taxes related to the restricted stock that vested on March 24, 2024 pursuant to the terms of the long-term incentive award made on March 24, 2022.
- [F3]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.
- [F4]The amount of 44,259 Performance Share Units were granted as a performance award with 10,657 shares granted on March 31, 2021, 10,646 shares granted on March 24, 2022, 13,425 shares granted on March 16, 2023, and 9,531 shares granted on March 21, 2024, 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.
Documents
Issuer
FIRST BANCORP /PR/
CIK 0001057706
Entity typeother
Related Parties
1- filerCIK 0001578141
Filing Metadata
- Form type
- 4
- Filed
- Mar 24, 8:00 PM ET
- Accepted
- Mar 25, 8:10 PM ET
- Size
- 10.4 KB