InsiderTrades

Form 4 for FBP FIRST BANCORP /PR/

Accepted 2026-03-18 00:00:00 ET · period of report 2026-03-16 · accession 0001193125-26-114233 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X Filed Traded Ticker Insider Title Type Price Qty Owned ΔOwn Value
D 2026-03-18 2026-03-16 FBP Alvarez-Cabrero Sara EVP, GC M - OptEx — +15.1K 84.8K +22% —
DM 2026-03-18 2026-03-16 FBP Alvarez-Cabrero Sara EVP, GC F - Tax $20.57 -8,291 79.0K -10% -$170.5K
D 2026-03-18 2026-03-16 FBP Alvarez-Cabrero Sara EVP, GC M - OptEx — -15.1K 17.3K -47% —

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#TableSecurityDateCodeA/DSharesPriceOwned afterOwnExercise / expiryUnderlyingFootnotes
1 Common First BanCorp Common Stock, par value $0.10 per share 2026-03-16 M A 15,121 — 84,777 D — — (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.
2 Common First BanCorp Common Stock, par value $0.10 per share 2026-03-16 F D 2,492 $20.57 76,486 D — — (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.
3 Common First BanCorp Common Stock, par value $0.10 per share 2026-03-16 F D 5,799 $20.57 78,978 D — — (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.
4 Derivative Performance Share Unit 2026-03-16 M D 15,121 — 17,341 D — · — to 2026-03-16 15,121 Common Stock (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. (F5) The amount of 17,341 Performance Share Units were granted as a performance award with 8,830 shares granted on March 21, 2024 and 8,511 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. (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.