4//SEC Filing
PANCHAM CASSAN 4
Accession 0000950170-24-040360
CIK 0001057706other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 5:16 PM ET
Size
11.2 KB
Accession
0000950170-24-040360
Insider Transaction Report
Form 4
PANCHAM CASSAN
Executive Vice President
Transactions
- Tax Payment
First BanCorp Common Stock, par value $0.10 per share.
2024-03-31$17.54/sh−1,380$24,205→ 292,731 total - Exercise/Conversion
First BanCorp Common Stock, par value $0.10 per share.
2024-03-31+10,990→ 296,870 total - Tax Payment
First BanCorp Common Stock, par value $0.10 per share.
2024-03-31$17.54/sh−2,759$48,393→ 294,111 total - Exercise/Conversion
Performance Share Unit
2024-03-31−10,990→ 30,512 totalExp: 2024-03-31→ Common Stock (10,990 underlying)
Footnotes (5)
- [F1]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.
- [F2]Performance Share Units that vested based on the achievement of the performance goal at a level resulting in 100% of target, pursuant to a grant of Performance Share Units awarded on March 31, 2021.
- [F3]Shares withheld to cover taxes related to the Performance Share Units that vested on March 31, 2024 pursuant to the terms of the long-term incentive award made on March 31, 2021.
- [F4]Shares withheld to cover taxes related to a restricted stock that vested on March 31, 2024 pursuant to the terms of the restricted stock award made on March 31, 2021.
- [F5]The amount of 30,512 Performance Share Units were granted as a performance award with 9,410 shares granted on March 24, 2022, 12,479 shares granted on March 16, 2023, and 8,623 shares granted on March 21, 2024 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.
Documents
Issuer
FIRST BANCORP /PR/
CIK 0001057706
Entity typeother
Related Parties
1- filerCIK 0001252709
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 5:16 PM ET
- Size
- 11.2 KB