(FBP)

Reporting relationship: EVP
Issuer ticker: FBP
Reported as of: 24 Mar 2025
Net transaction value: -$92,687
SEC form: 4
Accepted by SEC: 26 Mar 2025, 17:00:30 UTC
Prior SEC filing: 21 Mar 2025
Source filing: View source filing
Reporting owner signature: /s/ Adolfo Sepulveda, Esq., Attorney-in-Fact

Key filing fact

Carlos Power filed Form 4 for FIRST BANCORP /PR/ (FBP) on 26 Mar 2025.

Key facts

This page summarizes Carlos Power's Form 4 filing for FIRST BANCORP /PR/ (FBP).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 26 Mar 2025, 17:00.

Change

Previous filing in this sequence was filed on 21 Mar 2025.
Current net transaction value: -$92,687.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FBP transaction

First BanCorp Common Stock, par value $0.10 per share

Options Exercise

Transaction value
Shares: +10,646
Change %: +5.8%
Price
Shares after: 193,217
Date: 24 Mar 2025
Ownership: Direct
Footnotes: F1, F2

FBP transaction

First BanCorp Common Stock, par value $0.10 per share

Tax liability

Transaction value: $61,785
Shares: -3,245
Change %: -1.7%
Price: $19.04
Shares after: 189,972
Date: 24 Mar 2025
Ownership: Direct
Footnotes: F3

FBP transaction

First BanCorp Common Stock, par value $0.10 per share

Tax liability

Transaction value: $30,902
Shares: -1,623
Change %: -0.85%
Price: $19.04
Shares after: 188,349
Date: 24 Mar 2025
Ownership: Direct
Footnotes: F4

FBP holding

First BanCorp Common Stock, par value $0.10 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 33
Date: 24 Mar 2025
Ownership: Through 401K Plan

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FBP transaction Derivative

Performance Share Unit

Options Exercise

Transaction value
Shares: -10,646
Change %: -25%
Price
Shares after: 31,600
Date: 24 Mar 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,646
Exercise price
Footnotes: F1, F2, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

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.

Footnote F2

Performance Share Units that vested based on the achievement of the performance goal at a level resulting in 100% of target, pursuant to a grant of Performance Share Units awarded on March 24, 2022.

Footnote F3

Shares withheld to cover taxes related to the Performance Share Units that vested on March 24, 2025 pursuant to the terms of the long-term incentive award made on March 24, 2022.

Footnote F4

Shares withheld to cover taxes related to a restricted stock that vested on March 24, 2025 pursuant to the terms of the restricted stock award made on March 24, 2022.

Footnote F5

The amount of 31,600 Performance Share Units were granted as a performance award with 13,425 shares granted on March 16, 2023, 9,531 shares granted on March 21, 2024, and 8,644 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.