0001209191-22-021378.txt : 20220328
0001209191-22-021378.hdr.sgml : 20220328
20220328180618
ACCESSION NUMBER: 0001209191-22-021378
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220324
FILED AS OF DATE: 20220328
DATE AS OF CHANGE: 20220328
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: 22776713
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
2022-03-24
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.
2022-03-24
4
A
0
9411
13.15
A
250934
D
Performance Share Unit
2022-03-24
4
A
0
9410
0.00
A
2025-03-24
Common Stock
9410
47091
D
Shares of restricted stock issued pursuant to the First BanCorp Onmibus 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 24, 2024 and the remaining 50% vesting on year three or March 24, 2025.
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.
/s/Cassan Pancham
2022-03-28