(FBP)

Reporting relationship: EVP
Issuer ticker: FBP
Reported as of: 19 Mar 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 23 Mar 2026, 18:30:10 UTC
Prior SEC filing: 18 Mar 2026
Source filing: View source filing
Reporting owner signature: /s/ Adolfo Sepulveda, Es., Attorney-in-Fact

Key filing fact

Michael McDonald filed Form 4 for FIRST BANCORP /PR/ (FBP) on 23 Mar 2026.

Key facts

This page summarizes Michael McDonald's Form 4 filing for FIRST BANCORP /PR/ (FBP).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 23 Mar 2026, 18:30.

Change

Previous filing in this sequence was filed on 18 Mar 2026.
Current net transaction value: $0.

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

Reporting Owners (1)

CIK 0001559379 Primary reporting owner

McDonald Michael

Relationship: EVP
Address: P.O. BOX 9146, SAN JUAN
Signature: /s/ Adolfo Sepulveda, Es., Attorney-in-Fact
Signature date: 23 Mar 2026

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

Award

Transaction value
Shares: +7,613
Change %: +11%
Price: $20.59^*
Shares after: 76,964
Date: 19 Mar 2026
Ownership: Direct
Footnotes: F1

FBP transaction

First BanCorp Common Stock, par value $0.10 per share

Tax liability

Transaction value
Shares: -794
Change %: -1%
Price: $20.57^*
Shares after: 76,170
Date: 21 Mar 2026
Ownership: Direct
Footnotes: F2

Reported derivative securities

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

FBP transaction Derivative

Performance Share Unit

Award

Transaction value
Shares: +7,612
Change %: +64%
Price: $0.000000^*
Shares after: 19,449
Date: 19 Mar 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 7,612
Exercise price
Footnotes: F3, F4

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote 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 19, 2028, and the remaining 50% vesting on year three or March 19, 2029.

Footnote F2

Shares withheld to cover taxes related to restricted stock that vested on March 21, 2026 pursuant to the terms of the restricted stock award made on March 21, 2024.

Footnote F3

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 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.

Footnote F4

The amount of 19,449 Performance Share Units were granted as a performance award with 6,023 shares granted on March 21, 2024, 5,814 shares granted on March 19, 2025, and 7,612 shares granted on March 19, 2026 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.