X0508 4 2025-03-24 0001057706 FIRST BANCORP /PR/ FBP 0001464458 Berges Gonzalez Orlando P.O. BOX 9146 SAN JUAN PR 00908-0146 PUERTO RICO false true false false EVP and CFO false First BanCorp Common Stock, par value $0.10 per share 2025-03-24 4 M false 15969 A 303916 D First BanCorp Common Stock, par value $0.10 per share 2025-03-24 4 F false 5087 19.04 D 298829 D First BanCorp Common Stock, par value $0.10 per share 2025-03-24 4 F false 2544 19.04 D 296285 D Performance Share Unit 2025-03-24 4 M false 15969 D 2025-03-24 Common Stock 15969 53017 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 24, 2022. Shares withheld to cover taxes related to the Performance Share Units that vested on March 24, 2025 pursuant to the terms of the long-term incentive award made on March 24, 2022. Shares withheld to cover taxes related to a restricted stock that vested on March 24, 2025 pursuant to the terms of the restricted stock award made on March 24, 2022. The amount of 53,017 Performance Share Units were granted as a performance award with 22,743 shares granted on March 16, 2023, 15,561 shares granted on March 21, 2024, and 14,713 shares granted on March 19, 2025 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 2025-03-26