Form 4 for FBP FIRST BANCORP /PR/
Accepted 2022-03-22 00:00:00 ET · period of report 2022-03-18 · accession 0001209191-22-020623 · 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 | 2022-03-22 | 2022-03-21 | FBP | Kafka Donald | EVP, COO | M - OptEx | — | +15.2K | 242.4K | +7% | — |
| DM | 2022-03-22 | 2022-03-18+ | FBP | Kafka Donald | EVP, COO | F - Tax | $13.44 | -11.4K | 233.4K | -5% | -$153.4K |
| D | 2022-03-22 | 2022-03-21 | FBP | Kafka Donald | EVP, COO | M - OptEx | — | -15.2K | 45.9K | -25% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | First BanCorp Common Stock, par value $0.10 per share. | 2022-03-21 | M | A | 15,228 | — | 242,419 | D | — | — | (F4) 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. (F5) 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 21, 2019. |
| 2 | Common | First BanCorp Common Stock, par value $0.10 per share. | 2022-03-21 | F | D | 4,678 | $13.45 | 227,191 | D | — | — | (F3) Shares withheld to cover taxes related to the performance share units granted in a restricted stock that vested on March 21, 2022, pursuant to the terms of the long-term incentive award made on March 21, 2019. |
| 3 | Common | First BanCorp Common Stock, par value $0.10 per share. | 2022-03-21 | F | D | 1,560 | $13.45 | 231,869 | D | — | — | (F2) Shares withheld to cover taxes related to a restricted stock that vested on March 21, 2022 pursuant to the terms of the restricted stock award made on March 21, 2019. |
| 4 | Common | First BanCorp Common Stock, par value $0.10 per share. | 2022-03-18 | F | D | 5,177 | $13.43 | 233,429 | D | — | — | (F1) Shares withheld to cover taxes related to a restricted stock that vested on March 18, 2022 pursuant to the terms of the restricted stock award made on March 18, 2020. |
| 5 | Derivative | Performance Share Unit | 2022-03-21 | M | D | 15,228 | — | 45,911 | D | — · — to 2022-03-21 | 15,228 Common Stock | (F4) 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. (F6) The amount of 45,911 performance share units were granted as a performance award, with 33,700 shares granted on March 18, 2020 and 12,211 shares granted on March 31, 2021 and vest based upon the degree of achievement of performance goals. Each performance right represents a contingent right to receive one share of FBP common stock. (F5) 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 21, 2019. |