First BanCorp (FBP) CFO has shares withheld to cover restricted stock tax

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

First BanCorp (FBP) EVP and CFO Orlando Berges Gonzalez reported routine tax-related share dispositions. On June 30, 2026, a total of 11,801 shares of First BanCorp common stock at $26.07 per share were withheld to cover taxes on vested restricted stock awards.

The footnotes state these shares were withheld in connection with restricted stock awards granted on March 21, 2024, March 19, 2025, and March 19, 2026. After these withholding transactions, Berges Gonzalez directly held 321,021 shares of First BanCorp common stock.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Berges Gonzalez Orlando

Role EVP and CFO

Type	Security	Shares	Price	Value
Tax Withholding	First BanCorp Common Stock, par value $0.10 per share	2,518	$26.07	$66K
Tax Withholding	First BanCorp Common Stock, par value $0.10 per share	4,760	$26.07	$124K
Tax Withholding	First BanCorp Common Stock, par value $0.10 per share	4,523	$26.07	$118K

Holdings After Transaction: First BanCorp Common Stock, par value $0.10 per share — 321,021 shares (Direct, null)

Footnotes (1)

Shares withhled to cover taxes related to a restricted stock that vested on June 30, 2026 pursuant to the terms of the restricted stock award made on March 21, 2024. Shares withhled to cover taxes related to a restricted stock that vested on June 30, 2026 pursuant to the terms of the restricted stock award made on March 19, 2025. Shares withhled to cover taxes related to a restricted stock that vested on June 30, 2026 pursuant to the terms of the restricted stock award made on March 19, 2026.

Key Figures

Tax-withholding shares: 11,801 shares Withholding price: $26.07 per share Post-transaction holdings: 321,021 shares +3 more

6 metrics

Tax-withholding shares 11,801 shares Total shares withheld for taxes on 2026-06-30

Withholding price $26.07 per share Price used for tax-withholding dispositions on June 30, 2026

Post-transaction holdings 321,021 shares Directly held First BanCorp common stock after final transaction

First transaction size 4,523 shares First F-code tax-withholding disposition on June 30, 2026

Second transaction size 4,760 shares Second F-code tax-withholding disposition on June 30, 2026

Third transaction size 2,518 shares Third F-code tax-withholding disposition on June 30, 2026

Key Terms

tax-withholding disposition, restricted stock, Form 4, EVP and CFO, +1 more

5 terms

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition" for each F-code entry"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

restricted stock financial

"Shares withhled to cover taxes related to a restricted stock that vested on June 30, 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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

EVP and CFO financial

"officer_title: "EVP and CFO""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 05:02 PM Accepted by SEC EDGAR 07/02/2026 - 05:00 PM

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^*

Berges Gonzalez Orlando

(Last)

(First)

(Middle)

P.O. BOX 9146

(Street)

SAN JUAN

PUERTO RICO

00908-0146

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
First BanCorp Common Stock, par value $0.10 per share	06/30/2026		F		2,518⁽¹⁾	D	$26.07	321,021	D
First BanCorp Common Stock, par value $0.10 per share	06/30/2026		F		4,760⁽²⁾	D	$26.07	316,261	D
First BanCorp Common Stock, par value $0.10 per share	06/30/2026		F		4,523⁽³⁾	D	$26.07	311,738	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Shares withhled to cover taxes related to a restricted stock that vested on June 30, 2026 pursuant to the terms of the restricted stock award made on March 21, 2024.

2. Shares withhled to cover taxes related to a restricted stock that vested on June 30, 2026 pursuant to the terms of the restricted stock award made on March 19, 2025.

3. Shares withhled to cover taxes related to a restricted stock that vested on June 30, 2026 pursuant to the terms of the restricted stock award made on March 19, 2026.

	/s/ Sara Alvarez-Cabrero, Esq., Attorney-in-Fact	07/02/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did First BanCorp (FBP) CFO Orlando Berges Gonzalez report in this Form 4?

He reported shares withheld to pay taxes on vested restricted stock awards. The transactions are coded as tax-withholding dispositions, not open-market sales, and relate to First BanCorp common stock at a reported price of $26.07 per share.

How many First BanCorp (FBP) shares were withheld for taxes in this filing?

A total of 11,801 First BanCorp common shares were withheld for tax obligations. These shares covered taxes due when multiple restricted stock awards vested on June 30, 2026, according to the transaction summary and accompanying footnotes in the Form 4.

Were the First BanCorp (FBP) insider transactions open-market sales or tax withholdings?

They were tax withholdings, not open-market sales. Each transaction is coded "F" for payment of tax liability by delivering securities, with footnotes explaining the shares were withheld to cover taxes on vested restricted stock awards.

What is Orlando Berges Gonzalez’s shareholding after these Form 4 transactions at First BanCorp (FBP)?

Following the tax-withholding dispositions, he directly held 321,021 First BanCorp common shares. This post-transaction holding figure is reported in the Form 4 and shows his remaining direct ownership after the tax-related share withholdings.

Which restricted stock awards triggered the tax-withholding in this First BanCorp (FBP) Form 4?

The withholdings relate to restricted stock awards granted on March 21, 2024, March 19, 2025, and March 19, 2026. Footnotes state shares were withheld to cover taxes when these awards vested on June 30, 2026, under their original award terms.