4//SEC Filing
Diaz-Bento Lilian 4
Accession 0001209191-22-021365
CIK 0001057706other
Filed
Mar 27, 8:00 PM ET
Accepted
Mar 28, 5:58 PM ET
Size
7.7 KB
Accession
0001209191-22-021365
Insider Transaction Report
Form 4
Transactions
- Award
First BanCorp Common Stock, par value $0.10 per share.
2022-03-24$13.15/sh+9,236$121,453→ 9,236 total - Award
Performance Share Unit
2022-03-24+9,235→ 9,235 totalExp: 2025-03-24→ Common Stock (9,235 underlying)
Footnotes (2)
- [F1]Shares of restricted stock issued pursuant to the First BanCorp Onmibus 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 24, 2024 and the remaining 50% vesting on year three or March 24, 2025.
- [F2]Performance Share Units granted as a performance award, vesting based upon degree of achievement of performance goal. Each Performance Share Units represents a contingent right to receive one share of FBP common stock. At the end of the performance period, 50% of the award is paid for threshold-level performance up to 100% for target-level performance, in FBP common stock free of restriction. Amounts between threshold and target level performance are interpolated to reward incremental achievement and no amounts are paid if actual results of the performance goal are below threshold-level performance.
Documents
Issuer
FIRST BANCORP /PR/
CIK 0001057706
Entity typeother
Related Parties
1- filerCIK 0001860723
Filing Metadata
- Form type
- 4
- Filed
- Mar 27, 8:00 PM ET
- Accepted
- Mar 28, 5:58 PM ET
- Size
- 7.7 KB