Said Ortiz - Mar 21, 2024 Form 4 Insider Report for FIRST BANCORP /PR/ (FBP)

Role
Chief Accounting Officer
Signature
/s/ Adolfo Sepulveda, Esq., Attorney-in-Fact
Stock symbol
FBP
Transactions as of
Mar 21, 2024
Transactions value $
$161,021
Form type
4
Date filed
3/25/2024, 08:13 PM
Previous filing
Apr 4, 2023
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FBP First BanCorp Common Stock, par value $0.10 per share. Award $172K +9.89K +37.14% $17.35 36.5K Mar 21, 2024 Direct F1
transaction FBP First BanCorp Common Stock, par value $0.10 per share. Tax liability -$10.6K -628 -1.72% $16.86 35.9K Mar 24, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 21, 2026 and the remaining 50% vesting on year three or March 21, 2027.
F2 Shares withheld to cover taxes related to the restricted stock that vested on March 24, 2024 pursuant to the terms of the long-term incentive award made on March 24, 2022.