Odell Lawrence 4
4 · FIRST BANCORP /PR/ · Filed Mar 20, 2020
Insider Transaction Report
Form 4
Odell Lawrence
EVP and General Counsel
Transactions
- Award
First BanCorp Common Stock
2020-03-18$4.08/sh+23,725$96,798→ 213,251 total - Award
Performance Share Unit
2020-03-18+23,725→ 52,369 totalExp: 2023-03-18→ Common Stock (23,725 underlying)
Holdings
- 1,333(indirect: By Children)
First BanCorp Common Stock
Footnotes (3)
- [F1]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 18, 2022 and the remaining 50% vesting on year three or March 18, 2023.
- [F2]1,333 shares were acquired for the benefit of the reporting person's children.
- [F3]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.