[Form 4] FIRST BANCORP /PR/ Insider Trading Activity

Rhea-AI Filing Summary

Roberto R. Herencia, a director of First BanCorp (FBP), acquired 4,535 shares of First BanCorp common stock on 09/30/2025 at a price of $22.05 per share. After the grant, Mr. Herencia beneficially owns 641,742 shares directly. The shares were issued as restricted stock under the First BanCorp Omnibus Incentive Plan and vest solely by passage of time on 09/30/2026, one year after issuance.

The Form 4 was executed by an attorney-in-fact and filed to report the change in beneficial ownership. The filing discloses the grant terms (time-based vesting) and the exact transaction details but does not include any additional cash compensation, option grants, or derivative transactions.

Positive

• 4,535 shares acquired showing insider alignment with the company
• Shares are time‑based restricted stock, aligning director incentives with long‑term performance
• Transaction increases direct beneficial ownership to 641,742 shares

Negative

• None.

Insights

Corporate Governance & Insider Activity Analyst

Director received time-vested restricted stock: 4,535 shares vesting 09/30/2026.

This Form 4 shows a non-sale acquisition: 4,535 restricted shares were issued at $22.05 on 09/30/2025, increasing direct beneficial ownership to 641,742 shares. The award vests solely with the passage of time, indicating compensation rather than exercise of options.

The immediate market impact is limited because these are restricted shares that cannot be sold until vesting; the publicly reportable item to monitor is the vesting date 09/30/2026.

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).

1. Name and Address of Reporting Person^*

HERENCIA ROBERTO R

(Last) (First) (Middle)

P.O. BOX 9146

(Street)

SAN JUAN PR 00908-0146

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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

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

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

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.	09/30/2025		A		4,535(1)	A	$22.05	641,742	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. Represents shares of restricted stock issued on September 30, 2025 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 September 30, 2026.

	/s/ Adolfo Sepulveda, Esq., Attorney-in-Fact	10/02/2025
	** 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.

FAQ

What did First BanCorp director Roberto R. Herencia report on Form 4 (FBP)?

He reported the acquisition of 4,535 restricted shares of First BanCorp common stock on 09/30/2025 at $22.05 per share, bringing direct ownership to 641,742 shares.

Are the 4,535 shares immediately tradable?

No. The shares are restricted stock that vest solely by passage of time on 09/30/2026 and are not immediately sellable until vesting conditions are met.

Under which plan were the shares issued?

The shares were issued pursuant to the First BanCorp Omnibus Incentive Plan, as amended.

Who filed the Form 4 and when was it signed?

The Form 4 was signed by an attorney‑in‑fact, Adolfo Sepulveda, Esq., and dated 10/02/2025.

What is the acquisition price reported on the Form 4?

The reported acquisition price is $22.05 per share for the 4,535 restricted shares.