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4//SEC Filing

McDonald Michael 4

Accession 0000950170-24-040362

CIK 0001057706other
View on SEC.govCompany Profile

Filed

Apr 1, 8:00 PM ET

Accepted

Apr 2, 5:17 PM ET

Size

11.2 KB

Accession

0000950170-24-040362

Insider Transaction Report

Form 4
Period: 2024-03-31
FIRST BANCORP /PR/FBP
McDonald Michael
EVP, Business Group Director
Transactions
  • Tax Payment

    First BanCorp Common Stock, par value $0.10 per share.

    2024-03-31$17.54/sh−2,599$45,586→ 110,581 total
  • Tax Payment

    First BanCorp Common Stock, par value $0.10 per share.

    2024-03-31$17.54/sh−1,300$22,802→ 109,281 total
  • Exercise/Conversion

    First BanCorp Common Stock, par value $0.10 per share.

    2024-03-31+9,769→ 113,180 total
  • Exercise/Conversion

    Performance Share Unit

    2024-03-31−9,769→ 22,644 total
    Exp: 2024-03-31→ Common Stock (9,769 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 22,644 Performance Share Units were granted as a performance award with 8,365 shares granted on March 24, 2022, 8,256 shares granted on March 16, 2023, and 6,023 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

1 file

Issuer

FIRST BANCORP /PR/

CIK 0001057706

→
Entity typeother

Related Parties

1
  • filerCIK 0001559379

Filing Metadata

Form type
4
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 5:17 PM ET
Size
11.2 KB
View on SEC.gov