4//SEC Filing
Odell Lawrence 4
Accession 0001209191-21-022670
CIK 0001057706other
Filed
Mar 22, 8:00 PM ET
Accepted
Mar 23, 6:30 PM ET
Size
14.3 KB
Accession
0001209191-21-022670
Insider Transaction Report
Form 4
Odell Lawrence
EVP and General Counsel
Transactions
- Exercise/Conversion
Performance Share Unit
2021-03-21+17,172→ 35,197 totalExp: 2021-03-21→ Common Stock (17,172 underlying) - Tax Payment
First BanCorp Common Stock, par value $0.10 per share
2021-03-21$12.22/sh−1,161$14,187→ 200,547 total - Tax Payment
First BanCorp Common Stock, par value $0.10 per share
2021-03-21$12.22/sh−1,738$21,238→ 201,708 total - Tax Payment
First BanCorp Common Stock, par value $0.10 per share
2021-03-21$12.22/sh−5,239$64,021→ 203,446 total - Exercise/Conversion
First BanCorp Common Stock, par value $0.10 per share
2021-03-21+17,172→ 208,685 total
Holdings
- 1,333(indirect: By Children)
First BanCorp Common Stock, par value $0.10 per share
Footnotes (7)
- [F1]Shares withheld to cover taxes related to a restricted stock that vested on March 21, 2021 pursuant to the terms of the restricted stock award made on March 21, 2019.
- [F2]Shares withheld to cover taxes related to a restricted stock that vested on March 21, 2021 pursuant to the terms of the restricted stock award made on March 21, 2018.
- [F3]Shares withheld to cover taxes related to the performance share units granted in a restricted stock that vested on March 21, 2021, pursuant to the terms of the long-term incentive award made on March 21, 2018.
- [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.
- [F5]Performance shares that vested based in the achievement of the performance goal at a level resulting in 100% of target, pursuant to a grant of performace shares award made on March 21, 2018.
- [F6]1,333 shares were acquired for the benefit of the reporting person's children.
- [F7]The amount of 35,197 performance share units were granted as a performance award, with 11,472 shares granted on March 21, 2019 and 23,725 shares granted on March 18, 2020, respectively, and vest based upon the degree of achievement of performance goals. Each performance right represents a contingent right to receive one share of FBP common stock.
Documents
Issuer
FIRST BANCORP /PR/
CIK 0001057706
Entity typeother
Related Parties
1- filerCIK 0001354500
Filing Metadata
- Form type
- 4
- Filed
- Mar 22, 8:00 PM ET
- Accepted
- Mar 23, 6:30 PM ET
- Size
- 14.3 KB