Form 4 for FBP FIRST BANCORP /PR/

Accepted 2022-03-28 00:00:00 ET · period of report 2022-03-24 · accession 0001209191-22-021381 · 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	2022-03-28	2022-03-24	FBP	RIVERA NAYDA	EVP, CRO	A - Grant	$13.15	+12.6K	306.9K	+4%	+$166.3K
D	2022-03-28	2022-03-24	FBP	RIVERA NAYDA	EVP, CRO	A - Grant	$0.00	+12.6K	67.6K	+23%	$0

Purchase Sale Sale after option exercise All abbreviations

#	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.	2022-03-24	A	A	12,643	$13.15	306,867	D	—	—	(F1) Shares of restricted stock issued pursuant to the First BanCorp Onmibus 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 24, 2024 and the remaining 50% vesting on year three or March 24, 2025. (F2) Includes 2,394 shares purchased through the Employee Purchase Plan.
2	Derivative	Performance Share Unit	2022-03-24	A	A	12,642	$0.00	67,558	D	— · — to 2025-03-24	12,642 Common Stock	(F3) 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.