4//SEC Filing
McDonald Michael 4
Accession 0000950170-25-043165
CIK 0001057706other
Filed
Mar 20, 8:00 PM ET
Accepted
Mar 21, 4:00 PM ET
Size
8.0 KB
Accession
0000950170-25-043165
Insider Transaction Report
Form 4
McDonald Michael
EVP, Business Group Director
Transactions
- Award
First BanCorp Common Stock, par value $0.10 per share
2025-03-19$18.35/sh+5,815$106,705→ 92,001 total - Award
Performance Share Unit
2025-03-19+5,814→ 28,458 totalExp: 2028-03-19→ Common Stock (5,814 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 28,458 Performance Share Units were granted as a performance award with 8,365 shares granted on March 24, 2022, 8,256 shares granted on March 16, 2023, 6,023 shares granted on March 21, 2024, and 5,814 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 0001559379
Filing Metadata
- Form type
- 4
- Filed
- Mar 20, 8:00 PM ET
- Accepted
- Mar 21, 4:00 PM ET
- Size
- 8.0 KB