X0306 4 2022-03-24 0 0001057706 FIRST BANCORP /PR/ FBP 0001464458 Berges Gonzalez Orlando P.O. BOX 9146 SAN JUAN PR 00908-0146 PUERTO RICO 0 1 0 0 EVP and CFO First BanCorp Common Stock, par value $0.10 per share. 2022-03-24 4 A 0 15970 13.15 A 343664 D Performance Share Unit 2022-03-24 4 A 0 15969 0.00 A 2025-03-24 Common Stock 15969 63031 D Shares of restricted stock issued pursuant to the First BanCorp Omnibus 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/Orlando Berges 2022-03-28