Berges Gonzalez Orlando 4

What Happened

• Orlando Berges Gonzalez, Executive Vice President and Chief Financial Officer of First Bancorp (FBP), had a total of 11,801 shares withheld on June 30, 2026 to satisfy tax-withholding obligations tied to restricted stock vesting. The withholding involved three dispositions at $26.07 per share: 2,518 shares ($65,644), 4,760 shares ($124,093), and 4,523 shares ($117,915), for a combined value of about $307,652. These transactions are coded as F (tax withholding), not open-market sales.

Key Details

• Transaction dates and price: June 30, 2026 at $26.07 per share (three separate withholding events).
• Share counts and values: 2,518 shares ($65,644); 4,760 shares ($124,093); 4,523 shares ($117,915); total 11,801 shares (~$307,652).
• Post-transaction holdings: The filing did not state total shares beneficially owned after the withholdings.
• Footnotes: F1–F3 indicate shares were withheld to cover taxes on restricted stock that vested June 30, 2026 from awards dated March 21, 2024 (F1), March 19, 2025 (F2), and March 19, 2026 (F3).
• Filing timeliness: Form 4 was filed July 2, 2026 for the June 30, 2026 vesting—appears timely (no late-filing flag reported).

Context

• Tax-withholding dispositions (code F) are routine administrative actions when restricted stock vests; they are not the same as an open-market sale and do not necessarily reflect the insider’s view of the company. This was a withholding for taxes on vested awards rather than a discretionary sale or purchase.