4//SEC Filing
ALEMAN AURELIO 4
Accession 0000950170-25-045395
CIK 0001057706other
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 5:00 PM ET
Size
11.2 KB
Accession
0000950170-25-045395
Insider Transaction Report
Form 4
ALEMAN AURELIO
DirectorSEVP & Chief Operating Officer
Transactions
- Exercise/Conversion
First BanCorp Common Stock, par value $0.10 per share
2025-03-24+52,872→ 1,132,418 total - Tax Payment
First BanCorp Common Stock, par value $0.10 per share
2025-03-24$19.04/sh−22,392$426,344→ 1,110,026 total - Tax Payment
First BanCorp Common Stock, par value $0.10 per share
2025-03-24$19.04/sh−11,196$213,172→ 1,098,830 total - Exercise/Conversion
Performance Share Unit
2025-03-24−52,872→ 187,604 totalExp: 2025-03-24→ Common Stock (52,872 underlying)
Footnotes (5)
- [F1]Performance Share Units granted as a performance award, vesting based upon degree of achievement of performance goal. Each Performance Share Units 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 100% for target level performance, in FBP common stock free of restriction. Amounts between threshold and target 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.
- [F2]Performance Share Units that vested based on the achievement of the performance goal at a level resulting in 100% of target, pursuant to a grant of Performance Share Units awarded on March 24, 2022.
- [F3]Shares withheld to cover taxes related to the Performance Share Units that vested on March 24, 2025 pursuant to the terms of the long-term incentive award made on March 24, 2022.
- [F4]Shares withheld to cover taxes related to a restricted stock that vested on March 24, 2025 pursuant to the terms of the restricted stock award made on March 24, 2022.
- [F5]The amount of 187,604 Performance Share Units were granted as a performance award with 68,807 shares granted on March 16, 2023, 59,942 shares granted on March 21, 2024, and 58,855 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 0001180593
Filing Metadata
- Form type
- 4
- Filed
- Mar 25, 8:00 PM ET
- Accepted
- Mar 26, 5:00 PM ET
- Size
- 11.2 KB