First Bancorp /PR/ (FBP): director Dedrick Tracey A received 1,518 shares

What happened

• Dedrick Tracey A, a director, acquired 1,518 restricted shares on Sep 30, 2026 at $26.34 per share for $39,984 and had 19 shares withheld on Sep 30, 2026 at $26.34 per share to cover taxes for $500. The filing also reports a small acquisition of 250.843 shares on Mar 13, 2026 at $19.91 per share for $4,995.

Key details

• Transaction dates and prices:
  • Mar 13, 2026: acquired 250.843 shares at $19.91 per share ($4,995). Marked L (late).
  • Sep 30, 2026: granted 1,518 shares at $26.34 per share ($39,984).
  • Sep 30, 2026: 19 shares disposed/withheld at $26.34 per share ($500) to cover taxes.
• Shares owned after the transactions: not reported in the filing.
• Footnotes:
  • F1: Mar 13, 2026 shares acquired via a personal dividend reinvestment plan not linked to First BanCorp; eligible for deferred reporting under Rule 16a-6.
  • F2: 19 shares withheld to cover taxes related to restricted stock that vested on Sep 30, 2026 from a Sep 30, 2025 award.
  • F3: 1,518 shares issued on Sep 30, 2026 under the First BanCorp 2026 Omnibus Incentive Plan; vest solely by passage of time on Sep 30, 2027.
• Filing date and period: Form filed Oct 2, 2026 for the period ending Sep 30, 2026.

Why it may matter

• The Sep 30, 2026 transaction was a grant of restricted stock that vests on Sep 30, 2027 per F3.
• The 19-share disposition was a tax withholding related to vested restricted stock, not a market sale, per F2.
• The Mar 13, 2026 acquisition was through a personal dividend reinvestment plan and was marked late (F1).
• A filing does not show why the insider traded or why the company acted.