Director of First BanCorp (NYSE: FBP) granted 1,872 restricted shares, 209 withheld for taxes

Rhea-AI Filing Summary

FIRST BANCORP /PR/ director Patricia Eaves reported compensation-related stock activity. She received a grant of 1,872 shares of First BanCorp common stock at $21.36 per share as a restricted stock award under the First BanCorp Omnibus Incentive Plan.

The award was issued on March 31, 2026 and is scheduled to vest solely based on time over one year on March 31, 2027. On the same date, 209 shares were withheld at $21.36 per share to cover taxes on restricted stock that vested. After these transactions, she directly holds 21,651 shares of First BanCorp common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Eaves Patricia

Role Director

Type	Security	Shares	Price	Value
Tax Withholding	First BanCorp Common Stock, par value $0.10 per share.	209	$21.36	$4K
Grant/Award	First BanCorp Common Stock, par value $0.10 per share.	1,872	$21.36	$40K

Holdings After Transaction: First BanCorp Common Stock, par value $0.10 per share. — 19,779 shares (Direct)

Footnotes (1)

1. Shares withheld to cover taxes related to restricted stock that vested on March 31, 2026 pursuant to the terms of the restricted stock award made on March 31, 2025. Represents shares of restricted stock issued on March 31, 2026 pursuant to the First BanCorp Omnibus Incentive Plan, as amended, which vest solely on the basis of the passage of time over a one-year period on March 31, 2027.

Key Figures

Restricted stock grant: 1,872 shares at $21.36 Shares withheld for taxes: 209 shares at $21.36 Post-transaction holdings: 21,651 shares

3 metrics

Restricted stock grant 1,872 shares at $21.36 Restricted stock issued March 31, 2026 under Omnibus Incentive Plan

Shares withheld for taxes 209 shares at $21.36 Withheld to cover taxes on restricted stock that vested March 31, 2026

Post-transaction holdings 21,651 shares Direct ownership after March 31, 2026 transactions

Key Terms

restricted stock, First BanCorp Omnibus Incentive Plan, vest solely on the basis of the passage of time, par value $0.10 per share

4 terms

restricted stock financial

"Shares withheld to cover taxes related to restricted stock that vested on March 31, 2026"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

First BanCorp Omnibus Incentive Plan financial

"Represents shares of restricted stock issued on March 31, 2026 pursuant to the First BanCorp Omnibus Incentive Plan, as amended"

vest solely on the basis of the passage of time financial

"which vest solely on the basis of the passage of time over a one-year period on March 31, 2027"

par value $0.10 per share financial

"First BanCorp Common Stock, par value $0.10 per share."

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Eaves Patricia

(Last) (First) (Middle)

PO BOX 9146

(Street)

SAN JUAN PUERTO RICO 00908

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FIRST BANCORP /PR/ [ FBP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
First BanCorp Common Stock, par value $0.10 per share.	03/31/2026		F		209(1)	D	$21.36	19,779	D
First BanCorp Common Stock, par value $0.10 per share.	03/31/2026		A		1,872(2)	A	$21.36	21,651	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares withheld to cover taxes related to restricted stock that vested on March 31, 2026 pursuant to the terms of the restricted stock award made on March 31, 2025.

2. Represents shares of restricted stock issued on March 31, 2026 pursuant to the First BanCorp Omnibus Incentive Plan, as amended, which vest solely on the basis of the passage of time over a one-year period on March 31, 2027.

	/s/ Adolfo Sepulveda, Esq., Attorney-in-Fact	04/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Patricia Eaves report for FBP on March 31, 2026?

Patricia Eaves reported a grant of 1,872 shares of First BanCorp common stock and a withholding of 209 shares for taxes. Both transactions occurred on March 31, 2026 and relate to restricted stock awards, not open-market trading activity.

Was the Form 4 transaction in FBP stock a market sale or a tax withholding event?

The Form 4 shows 209 shares of First BanCorp common stock were withheld to cover taxes on vested restricted stock. This is a tax-withholding disposition by the issuer, not an open-market sale initiated by the director on an exchange or through a broker.

How many FBP shares did Patricia Eaves receive as a new restricted stock award?

She received 1,872 shares of restricted First BanCorp common stock as a grant on March 31, 2026. The grant was made under the First BanCorp Omnibus Incentive Plan and is compensation-related, with vesting based solely on the passage of time over one year.

When will Patricia Eaves’s new restricted FBP shares fully vest?

The 1,872 restricted shares issued on March 31, 2026 are scheduled to vest over a one-year period. According to the disclosure, they vest solely based on time and will fully vest on March 31, 2027 if the vesting conditions are satisfied.

How many FBP shares does Patricia Eaves hold after these Form 4 transactions?

Following the March 31, 2026 grant and tax withholding, Patricia Eaves directly owns 21,651 shares of First BanCorp common stock. This total reflects her updated direct holdings after receiving 1,872 restricted shares and having 209 shares withheld for tax obligations.

What does the First BanCorp Omnibus Incentive Plan provide to directors like Patricia Eaves?

The First BanCorp Omnibus Incentive Plan allows grants of equity awards such as restricted stock to participants. In this case, it provided Patricia Eaves with 1,872 restricted shares that vest solely based on time, aligning part of her compensation with First BanCorp’s common stock performance.