0001209191-22-020625.txt : 20220322 0001209191-22-020625.hdr.sgml : 20220322 20220322190824 ACCESSION NUMBER: 0001209191-22-020625 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220318 FILED AS OF DATE: 20220322 DATE AS OF CHANGE: 20220322 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PANCHAM CASSAN CENTRAL INDEX KEY: 0001252709 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14793 FILM NUMBER: 22761159 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] 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 doc4.xml FORM 4 SUBMISSION X0306 4 2022-03-18 0 0001057706 FIRST BANCORP /PR/ FBP 0001252709 PANCHAM CASSAN P.O. BOX 9146 SAN JUAN PR 00908-0146 PUERTO RICO 0 1 0 0 EVP First BanCorp Common Stock, par value $0.10 per share. 2022-03-18 4 F 0 3410 13.43 D 233309 D First BanCorp Common Stock, par value $0.10 per share. 2022-03-21 4 F 0 1062 13.45 D 232247 D First BanCorp Common Stock, par value $0.10 per share. 2022-03-21 4 F 0 3184 13.45 D 229063 D First BanCorp Common Stock, par value $0.10 per share. 2022-03-21 4 M 0 12460 A 241523 D Performance Share Unit 2022-03-21 4 M 0 12460 D 2022-03-21 Common Stock 12460 37681 D Shares withheld to cover taxes related to a restricted stock that vested on March 18, 2022 pursuant to the terms of the restricted stock award made on March 18, 2020. Shares withheld to cover taxes related to a restricted stock that vested on March 21, 2022 pursuant to the terms of the restricted stock award made on March 21, 2019. Shares withheld to cover taxes related to the performance share units granted in a restricted stock that vested on March 21, 2022, pursuant to the terms of the long-term incentive award made on March 21, 2019. 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 shares that vested based in the achievement of the performance goal at a level resulting in 100% of target, pursuant to a grant of performance shares award made on March 21, 2019. The amount of 37,681 performance share units were granted as a performance award, with 26,691 shares granted on March 18, 2020 and 10,990 shares granted on March 31, 2021, and vest based upon the degree of achievement of performance goals. Each performance right represents a contingent right to receive one share of FBP common stock. /s/Cassan Pancham 2022-03-22