4//SEC Filing
RIVERA NAYDA 4
Accession 0000950170-25-045409
CIK 0001057706other
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 5:00 PM ET
Size
11.2 KB
Accession
0000950170-25-045409
Insider Transaction Report
Form 4
RIVERA NAYDA
EVP, Chief Risk Officer
Transactions
- Exercise/Conversion
First BanCorp Common Stock, par value $0.10 per share
2025-03-24+12,642→ 258,242 total - Tax Payment
First BanCorp Common Stock, par value $0.10 per share
2025-03-24$19.04/sh−5,354$101,940→ 252,888 total - Exercise/Conversion
Performance Share Unit
2025-03-24−12,642→ 44,100 totalExp: 2025-03-24→ Common Stock (12,642 underlying) - Tax Payment
First BanCorp Common Stock, par value $0.10 per share
2025-03-24$19.04/sh−2,677$50,970→ 250,211 total
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 24, 2022.
- [F3]Shares withheld to cover taxes related to the Performance Share Units that vested on March 24, 2025 pursuant to the terms of the long-term incentive award made on March 24, 2022.
- [F4]Shares withheld to cover taxes related to a restricted stock that vested on March 24, 2025 pursuant to the terms of the restricted stock award made on March 24, 2022.
- [F5]The amount of 44,100 Performance Share Units were granted as a performance award with 18,348 shares granted on March 16, 2023, 12,564 shares granted on March 21, 2024, and 13,188 shares granted on March 19, 2025 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 0001224437
Filing Metadata
- Form type
- 4
- Filed
- Mar 25, 8:00 PM ET
- Accepted
- Mar 26, 5:00 PM ET
- Size
- 11.2 KB