Form 4 for FBP FIRST BANCORP /PR/
Accepted 2023-03-20 00:00:00 ET · period of report 2023-03-16 · accession 0001209191-23-020128 · 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 | 2023-03-20 | 2023-03-18 | FBP | Alvarez-Cabrero Sara | EVP, GC | F - Tax | $11.15 | -2,871 | 55.8K | -5% | -$32.0K |
| D | 2023-03-20 | 2023-03-16 | FBP | Alvarez-Cabrero Sara | EVP, GC | A - Grant | $11.99 | +12.0K | 58.7K | +26% | +$144.2K |
| D | 2023-03-20 | 2023-03-16 | FBP | Alvarez-Cabrero Sara | EVP, GC | A - Grant | $0.00 | +12.0K | 21.6K | +126% | $0 |
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. | 2023-03-18 | F | D | 2,871 | $11.15 | 55,796 | D | — | — | (F2) Shares withheld to cover taxes related to a restricted stock that vested on March 18, 2023 pursuant to the terms of the restricted stock award made on March 18, 2020. |
| 2 | Common | First BanCorp Common Stock, par value $0.10 per share. | 2023-03-16 | A | A | 12,027 | $11.99 | 58,667 | D | — | — | (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 16, 2025 and the remaining 50% vesting on year three or March 16, 2026. |
| 3 | Derivative | Performance Share Unit | 2023-03-16 | A | A | 12,026 | $0.00 | 21,554 | D | — · — to 2026-03-16 | 12,026 Common Stock | (F4) The amount of 21,554 Performance Share Units were granted as a performance award with 9,528 shares granted on March 24, 2022, and 12,026 shares granted on March 16, 2023, and vest upon the degree of achievement of performance goals. Each Performance Shares Unit represents a contingent right to receive one share of FBP 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 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. |