4//SEC Filing
Odell Lawrence 4
Accession 0001209191-19-021220
CIK 0001057706other
Filed
Mar 24, 8:00 PM ET
Accepted
Mar 25, 6:29 PM ET
Size
10.2 KB
Accession
0001209191-19-021220
Insider Transaction Report
Form 4
Odell Lawrence
EVP and General Counsel
Transactions
- Award
Performance Share Unit
2019-03-21+11,472→ 28,644 totalExp: 2022-03-21→ Common Stock (11,472 underlying) - Tax Payment
First BanCorp Common Stock
2019-03-21$11.16/sh−8,416$93,923→ 181,877 total - Award
First BanCorp Common Stock
2019-03-21+7,649→ 189,526 total
Holdings
- 1,333(indirect: By Children)
First BanCorp Common Stock
Footnotes (4)
- [F1]Shares withheld to cover taxes related to a restricted stock that vested on March 21, 2019 pursuant to the terms of the restricted stock award made on March 21, 2017.
- [F2]Shares of restricted stock issued pursuant to the First BanCorp Omnibus Incentive Plan, as amended. The shares shall fully vest solely on the basis of the passage of time over a three year period, with 50% vesting on year two or March 21, 2021 and the remaining 50% vesting on year three or March 21, 2022.
- [F3]1,333 shares were acquired for the benefit of the reporting person's children.
- [F4]Performance Share Units granted as a performance award, vesting based upon degree of achievement of performance goal. Each performance right represents a contingent right to receive one share of FBP common stock. At the end of the performance period, 100% of the award is paid in common stock free of restrictions. If the final amount is less than 100% of the share units, the balance is forfeited to the Corporation.
Documents
Issuer
FIRST BANCORP /PR/
CIK 0001057706
Entity typeother
Related Parties
1- filerCIK 0001354500
Filing Metadata
- Form type
- 4
- Filed
- Mar 24, 8:00 PM ET
- Accepted
- Mar 25, 6:29 PM ET
- Size
- 10.2 KB