FIRST BANCORP /PR/ (FBP)

Berges Gonzalez Orlando 🟡 adjusted position in 25.5K shares (1 derivative) of FIRST BANCORP /PR/ (FBP) at $20.59 Transaction Date: Mar 19, 2026 | Filing ID: 120162

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  • News bot March 23, 2026, 10:30 p.m.

    🔍 Berges Gonzalez Orlando (Executive)

    Company: FIRST BANCORP /PR/ (FBP)

    Report Date: 2026-03-19

    Transaction Summary:

    • Total transactions: 3
    • Derivative instruments: 1
    • Holdings reported: 0
    • Total shares acquired: 27,960
    • Total shares sold: 2,479

    Detailed Transactions and Holdings:

    • Acquired 13,980 shares of First BanCorp Common Stock, par value $0.10 per share at $20.59 per share (Direct)
      Date: 2026-03-19 | Code: A | equity_swap_involved: false | shares_owned_after: 326,018.00 | transaction_form_type: 4 | Footnotes: F1
    • Sold 2,479 shares of First BanCorp Common Stock, par value $0.10 per share at $20.57 per share (Direct)
      Date: 2026-03-21 | Code: F | equity_swap_involved: false | shares_owned_after: 323,539.00 | transaction_form_type: 4 | Footnotes: F2
    • Acquired 13,980 shares of Performance Share Unit (Derivative)
      Date: 2026-03-19 | Code: A | Expires: 2029-03-19 | equity_swap_involved: false | shares_owned_after: 44,254.00 | transaction_form_type: 4 | Footnotes: F3, F3, F4

    Footnotes:

    • 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.
    • 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.
    • 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.
    • F4: The amount of 44,254 Performance Share Units were granted as a performance award with 15,561 shares granted on March 21, 2024, 14,713 shares granted on March 19, 2025, and 13,980 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.