4//SEC Filing
Diaz-Bento Lilian 4
Accession 0000950170-25-043159
CIK 0001057706other
Filed
Mar 20, 8:00 PM ET
Accepted
Mar 21, 4:00 PM ET
Size
8.0 KB
Accession
0000950170-25-043159
Insider Transaction Report
Form 4
Transactions
- Award
First BanCorp Common Stock, par value $0.10 per share
2025-03-19$18.35/sh+9,472$173,811→ 38,027 total - Award
Performance Share Unit
2025-03-19+9,472→ 41,165 totalExp: 2028-03-19→ Common Stock (9,472 underlying)
Footnotes (3)
- [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 19, 2027, and the remaining 50% vesting on year three or March 19, 2028.
- [F2]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.
- [F3]The amount of 41,165 Performance Share Units were granted as a performance award with 9,235 shares granted on March 24, 2022, 12,635 shares granted on March 16, 2023, 9,823 shares granted on March 21, 2024, and 9,472 shares granted on March 19, 2025, 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 0001860723
Filing Metadata
- Form type
- 4
- Filed
- Mar 20, 8:00 PM ET
- Accepted
- Mar 21, 4:00 PM ET
- Size
- 8.0 KB