4//SEC Filing
Alvarez-Cabrero Sara 4
Accession 0000950170-25-045401
CIK 0001057706other
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 5:00 PM ET
Size
11.2 KB
Accession
0000950170-25-045401
Insider Transaction Report
Form 4
Alvarez-Cabrero Sara
EVP, General Counsel
Transactions
- Exercise/Conversion
First BanCorp Common Stock, par value $0.10 per share
2025-03-24+9,528→ 75,710 total - Exercise/Conversion
Performance Share Unit
2025-03-24−9,528→ 29,367 totalExp: 2025-03-24→ Common Stock (9,528 underlying) - Tax Payment
First BanCorp Common Stock, par value $0.10 per share
2025-03-24$19.04/sh−2,018$38,423→ 69,656 total - Tax Payment
First BanCorp Common Stock, par value $0.10 per share
2025-03-24$19.04/sh−4,036$76,845→ 71,674 total
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 29,367 Performance Share Units were granted as a performance award with 12,026 shares granted on March 16, 2023, 8,830 shares granted on March 21, 2024, and 8,511 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 0001860032
Filing Metadata
- Form type
- 4
- Filed
- Mar 25, 8:00 PM ET
- Accepted
- Mar 26, 5:00 PM ET
- Size
- 11.2 KB