Lilian Diaz-Bento - 16 Mar 2026 Form 4 Insider Report for FIRST BANCORP /PR/ (FBP)

Role: EVP
Signature: /s/ Adolfo Sepulveda, Esq., Attorney-in-Fact
Issuer symbol: FBP
Transactions as of: 16 Mar 2026
Net transactions value: $0
Form type: 4
Filing time: 18 Mar 2026, 17:00:18 UTC
Previous filing: 26 Mar 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Diaz-Bento Lilian	EVP	PO BOX 9146, SAN JUAN	/s/ Adolfo Sepulveda, Esq., Attorney-in-Fact	18 Mar 2026	0001860723

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	Options Exercise		+15,886	+36%		59,579	16 Mar 2026	Direct	F1, F2
transaction	FBP	First BanCorp Common Stock, par value $0.10 per share	Tax liability		-2,757	-4.6%	$20.57^*	56,822	16 Mar 2026	Direct	F3
transaction	FBP	First BanCorp Common Stock, par value $0.10 per share	Tax liability		-1,283	-2.3%	$20.57^*	55,539	16 Mar 2026	Direct	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FBP	Performance Share Unit	Options Exercise		-15,886	-45%		19,295	16 Mar 2026	Common Stock	15,886		Direct	F1, F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Performance Share Units granted as a performance award, vesting based upon degree of achievement of performance goal. Each Performance Share Unit represents a contingent right to receive one share of FBP common stock. At the end of the three-year 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.
F2	Performance Share Units that vested based upon the degree of achievement of equally weighed performance goals at the end of a three-year performance period, comprising: (i) our total shareholder return relative to companies comprising the KBW Regional Bank Index ("TSR Target Performance"); and (ii) our pre-established targeted tangible book value per share goal ("TBV Target Performance"). Performance Share Units vested based on the achievement of (i) the TSR Target Performance goal at a level resulting in 150% of target, and (ii) the TBV Target Performance goal at a level resulting in 101.46% of target, each pursuant to the grant of Performance Units awarded on March 16, 2023.
F3	Shares withheld to cover taxes related to Performance Shares Units that vested on March 16, 2026 pursuant to the terms of the long-term incentive award made on March 16, 2023.
F4	Shares withheld to cover taxes related to restricted stock that vested on March 16, 2026 pursuant to the terms of the restricted stock award made on March 16, 2023.
F5	The amount of 19,295 Performance Share Units were granted as a performance award with 9,823 shares granted on March 21, 2024 and 9,472 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.