| 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 | $825K | +68.8K | +6.51% | $11.99 | 1.13M | Mar 16, 2023 | Direct | F1 |
| transaction | FBP | First BanCorp Common Stock, par value $0.10 per share. | Options Exercise | +212K | +18.86% | 1.34M | Mar 18, 2023 | Direct | F2, F3 | ||
| transaction | FBP | First BanCorp Common Stock, par value $0.10 per share. | Tax liability | -$766K | -68.7K | -5.13% | $11.15 | 1.27M | Mar 18, 2023 | Direct | F4 |
| transaction | FBP | First BanCorp Common Stock, par value $0.10 per share. | Tax liability | -$383K | -34.4K | -2.71% | $11.15 | 1.24M | Mar 18, 2023 | Direct | F5 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FBP | Performance Share Unit | Award | $0 | +68.8K | +21.46% | $0.00 | 389K | Mar 16, 2023 | Common Stock | 68.8K | Direct | F6 | |
| transaction | FBP | Performance Share Unit | Options Exercise | -212K | -54.54% | 177K | Mar 18, 2023 | Common Stock | 212K | Direct | F2, F3, F7 |
| 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 16, 2025 and the remaining 50% vesting on year three or March 16, 2026. |
| F2 | 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. |
| F3 | Performance shares that vested based in the achievement of the performance goal at a level resulting in 100% of target, pursuant to a grant of performance shares award made on March 18, 2020. |
| F4 | Shares withheld to cover taxes related to the Performance Share Units that vested on March 18, 2023 pursuant to the terms of the long-term incentive award made on March 18, 2020. |
| F5 | 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. |
| F6 | 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. |
| F7 | The amount of 177,038 Performance Share Units were granted as a performance award, with 55,359 shares granted on March 31, 2021, 52,872 shares granted on March 24, 2022, and 68,807 shares granted on March 16, 2023 and vest based upon the degree of achievement of performance goals. Each Performance Share Units represents a contingent right to receive one share of FBP common stock. |