4//SEC Filing
Diaz-Bento Lilian 4
Accession 0001209191-23-020131
CIK 0001057706other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 8:09 PM ET
Size
12.2 KB
Accession
0001209191-23-020131
Insider Transaction Report
Form 4
Transactions
- Award
First BanCorp Common Stock, par value $0.10 per share.
2023-03-16$11.99/sh+12,636$151,506→ 21,872 total - Award
Performance Share Unit
2023-03-16+12,635→ 21,870 totalExp: 2026-03-16→ Common Stock (12,635 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 16, 2025 and the remaining 50% vesting on year three or March 16, 2026.
- [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 150% for maximum level performance, in FBP common stock free of restriction. Amounts between threshold, target, and maximum 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.
- [F3]The amount of 21,870 Performance Share Units were granted as a performance award with 9,235 shares granted on March 24, 2022 and 12,635 shares granted on March 16, 2023, and vest upon the degree of achievement of performance goals. Each Performance Share Unit represents a contingent right to receive one share of FBP common stock.
Issuer
FIRST BANCORP /PR/
CIK 0001057706
Entity typeother
Related Parties
1- filerCIK 0001860723
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 8:09 PM ET
- Size
- 12.2 KB