4//SEC Filing
Pavia Juan Carlos 4
Accession 0001209191-23-020140
CIK 0001057706other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 8:16 PM ET
Size
14.0 KB
Accession
0001209191-23-020140
Insider Transaction Report
Form 4
Pavia Juan Carlos
EVP, Chief Credit Officer
Transactions
- Tax Payment
First BanCorp Common Stock, par value $0.10 per share.
2023-03-18$11.15/sh−2,061$22,980→ 58,735 total - Award
First BanCorp Common Stock, par value $0.10 per share.
2023-03-16$11.99/sh+13,136$157,501→ 60,796 total - Award
Performance Share Unit
2023-03-16+13,135→ 22,051 totalExp: 2026-03-16→ Common Stock (13,135 underlying)
Footnotes (4)
- [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]Shares withheld to cover taxes related to a restricted stock that vested on March 18, 2023 pursuant to the terms of the restricted stock award made on March 18, 2020.
- [F3]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.
- [F4]The amount of 22,051 Performance Share Units were granted as a performance award with 8,916 shares granted on March 24, 2022, and 13,135 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 0001860670
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 8:16 PM ET
- Size
- 14.0 KB