Said Ortiz - 16 Mar 2023 Form 4 Insider Report for FIRST BANCORP /PR/ (FBP)

Role
Chief Accounting Officer
Signature
/s/ Adolfo Sepulveda, Esq., Attorney-in-Fact
Issuer symbol
FBP
Transactions as of
16 Mar 2023
Net transactions value
+$139,620
Form type
4
Filing time
20 Mar 2023, 20:14:37 UTC
Previous filing
28 Mar 2022
Next filing
04 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FBP First BanCorp Comon Stock, par value $0.10 per share Award $150,870 +12,583 +82% $11.99 27,952 16 Mar 2023 Direct F1
transaction FBP First BanCorp Comon Stock, par value $0.10 per share Tax liability $11,250 -1,009 -3.6% $11.15 26,943 18 Mar 2023 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 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.