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