Eaves Patricia 4

What Happened

• Patricia Eaves, a director of First BanCorp (FBP), was granted 1,872 shares of restricted stock on March 31, 2026 (code A) at a reported per-share value of $21.36, a grant value of $39,986. On the same date 209 shares were disposed/withheld (code F) at $21.36 each to cover taxes, value $4,464.
• The grant is restricted stock (not an open-market purchase) and the 209-share disposition reflects tax withholding related to a prior restricted grant that vested on March 31, 2026 — not an independent sale.

Key Details

• Transaction date: March 31, 2026. Report filed April 1, 2026 (timely Form 4 filing).
• Prices and values: $21.36 per share; 1,872 shares acquired = $39,986; 209 shares withheld/disposed = $4,464.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — 209 shares withheld to cover taxes from restricted stock that vested 3/31/2026 (award from 3/31/2025). F2 — the 1,872 shares were issued under the company’s omnibus plan and vest solely by passage of time on 3/31/2027.
• Transaction codes: A = award/grant of restricted stock; F = tax withholding (disposition).

Context

• This was a restricted stock award that vests over one year (vesting date 3/31/2027). The withheld shares are routine tax-withholding and should not be read as an active sale decision by the director.
• Because these are award and withholding transactions (not open-market trades), they convey less immediate market sentiment than discretionary purchases or sales by insiders.