MARTINO EMILIO 4
4 · FIRST BANCORP /PR/ · Filed Apr 1, 2021
Insider Transaction Report
Form 4
MARTINO EMILIO
EVP/Chief Lendinf Officer
Transactions
- Award
First BanCorp Common Stock, par value $0.10 per share.
2021-03-31$11.26/sh+6,661$75,003→ 242,453 total - Award
Performance Share Unit
2021-03-31−6,660→ 28,897 totalExp: 2024-03-31→ Common Stock (6,660 underlying)
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 31, 2023 and the remaining 50% vesting on year three or March 31, 2024.
- [F2]Includes 5,616 shares purchased through the Employee Purchase Plan.
- [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.