0000950170-24-040362.txt : 20240402
0000950170-24-040362.hdr.sgml : 20240402
20240402171708
ACCESSION NUMBER: 0000950170-24-040362
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: McDonald Michael
CENTRAL INDEX KEY: 0001559379
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14793
FILM NUMBER: 24815573
MAIL ADDRESS:
STREET 1: P.O. BOX 9146
CITY: SAN JUAN
STATE: PR
ZIP: 00908
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
0001559379
McDonald Michael
P.O. BOX 9146
SAN JUAN
PR
00908-0146
PUERTO RICO
false
true
false
false
EVP
false
First BanCorp Common Stock, par value $0.10 per share.
2024-03-31
4
M
false
9769
A
113180
D
First BanCorp Common Stock, par value $0.10 per share.
2024-03-31
4
F
false
2599
17.54
D
110581
D
First BanCorp Common Stock, par value $0.10 per share.
2024-03-31
4
F
false
1300
17.54
D
109281
D
Performance Share Unit
2024-03-31
4
M
false
9769
D
2024-03-31
Common Stock
9769
22644
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 22,644 Performance Share Units were granted as a performance award with 8,365 shares granted on March 24, 2022, 8,256 shares granted on March 16, 2023, and 6,023 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