0000950170-24-040356.txt : 20240402 0000950170-24-040356.hdr.sgml : 20240402 20240402171242 ACCESSION NUMBER: 0000950170-24-040356 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240402 DATE AS OF CHANGE: 20240402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ALEMAN AURELIO CENTRAL INDEX KEY: 0001180593 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14793 FILM NUMBER: 24815515 MAIL ADDRESS: STREET 1: P.O. BOX 9146 CITY: SAN JUAN STATE: PR ZIP: 00908-0146 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST BANCORP /PR/ CENTRAL INDEX KEY: 0001057706 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 660561882 STATE OF INCORPORATION: PR FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1519 PONCE DE LEON AVE STREET 2: SANTURCE CITY: SAN JUAN STATE: PR ZIP: 00908-0146 BUSINESS PHONE: 7877298200 MAIL ADDRESS: STREET 1: 1519 PONCE DE LEON AVE STREET 2: PO BOX 9146 CITY: SAN JUAN STATE: PR ZIP: 00908-0146 4 1 ownership.xml 4 X0508 4 2024-03-31 0001057706 FIRST BANCORP /PR/ FBP 0001180593 ALEMAN AURELIO P.O. BOX 9146 SAN JUAN PR 00908-0146 PUERTO RICO true true false false President and CEO false First BanCorp Common Stock, par value $0.10 per share 2024-03-31 4 M false 55359 A 1230429 D First BanCorp Common Stock, par value $0.10 per share 2024-03-31 4 F false 23445 17.54 D 1206984 D First BanCorp Common Stock, par value $0.10 per share 2024-03-31 4 F false 11723 17.54 D 1195261 D Performance Share Unit 2024-03-31 4 M false 55359 D 2024-03-31 Common Stock 55359 181261 D 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. Performance Share Units that vested based on the achievement of the performance goal at a level resulting in 100% of target, pursuant to a grant of Performance Share Units awarded on March 31, 2021. Shares withheld to cover taxes related to the Performance Share Units that vested on March 31, 2024 pursuant to the terms of the long-term incentive award made on March 31, 2021. Shares withheld to cover taxes related to a restricted stock that vested on March 31, 2024 pursuant to the terms of the restricted stock award made on March 31, 2021. The amount of 181,621 Performance Share Units were granted as a performance award with 52,872 shares granted on March 24, 2022, 68,807 shares granted on March 16, 2023, and 59,942 shares granted on March 21, 2024 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. /s/ Adolfo Sepulveda, Esq., Attorney-in-Fact 2024-04-02