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

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(Low)
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Form Type
4
Rhea-AI Filing Summary

Daniel Edward Frye, a director of First BanCorp (FBP), reported transactions on 09/30/2025 related to restricted stock awards. The filing shows 49 shares were disposed of at $22.05 per share because they were withheld to cover taxes on restricted stock that vested that day. Concurrently, 1,814 shares of restricted stock were issued at $22.05 under the First BanCorp Omnibus Incentive Plan; these newly issued shares vest based solely on the passage of time on 09/30/2026. After the transactions, Mr. Frye beneficially owned 19,619 shares, held directly. The Form 4 was signed by an attorney-in-fact on 10/02/2025.

Daniel Edward Frye, un direttore di First BanCorp (FBP), ha riportato operazioni in data 30/09/2025 relative a premi azionari soggetti a restrizioni. La dichiarazione mostra che 49 azioni sono state cedute a $22,05 per azione perché sono state ritenute per coprire le tasse sui titoli soggetti a restrizione che sono maturati quel giorno. Contemporaneamente, 1.814 azioni di azioni soggette a restrizioni sono state emesse a $22,05 ai sensi del First BanCorp Omnibus Incentive Plan; queste nuove azioni emesse maturano solo in base al decorso del tempo il 30/09/2026. Dopo le operazioni, il signor Frye deteneva 19.619 azioni, direttamente. Il Form 4 è stato firmato da un procuratore-in-fatto il 02/10/2025.

Daniel Edward Frye, un director de First BanCorp (FBP), informó transacciones el 30/09/2025 relacionadas con premios de acciones restringidas. La presentación muestra que se dispusieron 49 acciones a $22,05 por acción porque fueron retenidas para cubrir impuestos sobre las acciones restringidas que vencieron ese día. Paralelamente, se emitieron 1.814 acciones restringidas a $22,05 bajo el First BanCorp Omnibus Incentive Plan; estas nuevas acciones emitidas vencen/ganan derechos únicamente por el paso del tiempo el 30/09/2026. Después de las transacciones, el Sr. Frye poseía beneficiosamente 19.619 acciones, mantenidas directamente. El Formulario 4 fue firmado por un apoderado el 02/10/2025.

Daniel Edward Frye는 First BanCorp(FBP)의 임원으로서, 2025년 9월 30일에 제한 주식 보상과 관련된 거래를 보고했습니다. 공시는 49주가 주당 $22.05에 처분되었으며, 이는 그 날 만기가 된 제한 주식의 세금을 충당하기 위해 원천징수되었기 때문이라고 밝힙니다. 동시에 1,814주의 제한 주식이 $22.05로 발행되었으며, 이는 First BanCorp Omnibus Incentive Plan에 따라 발행된 것이고, 이 신규 주식은 2026년 9월 30일에 시간 경과에 따라 vest(권리 발생)됩니다. 거래 후 Frye씨는 19,619주를 직접 소유했습니다. Form 4는 2025년 10월 2일에 대리인에 의해 서명되었습니다.

Daniel Edward Frye, un directeur de First BanCorp (FBP), a signalé des transactions le 30/09/2025 liées à des attributions d’actions restreintes. Le dépôt indique que 49 actions ont été cédées à $22,05 par action car elles ont été retenues pour couvrir les impôts sur les actions restreintes qui ont vesté ce jour-là. Parallèlement, 1 814 actions restreintes ont été émises à $22,05 dans le cadre du First BanCorp Omnibus Incentive Plan; ces nouvelles actions émises vestent en fonction du temps le 30/09/2026. Après les transactions, M. Frye détenait 19 619 actions, directement détenues. Le Form 4 a été signé par un mandataire le 02/10/2025.

Daniel Edward Frye, ein Direktor von First BanCorp (FBP), berichtete am 30.09.2025 über Transaktionen im Zusammenhang mit eingeschränkten Aktienoptionen. Die Einreichung zeigt, dass 49 Aktien zu $22,05 pro Aktie veräußert wurden, weil sie eingezogen wurden, um Steuern zu decken auf eingeschränkte Aktien, die an diesem Tag vesteten. Gleichzeitig wurden 1.814 Aktien eingeschränkter Aktien im Rahmen des First BanCorp Omnibus Incentive Plan ausgegeben; diese neu ausgegebenen Aktien vesten ausschließlich durch den Zeitablauf am 30.09.2026. Nach den Transaktionen besaß Herr Frye vorteilhaft 19.619 Aktien, direkt gehalten. Das Form 4 wurde von einem Bevollmächtigten am 02.10.2025 unterschrieben.

دانيال إدوارد فريي، مدير في First BanCorp (FBP)، قد أبلغ عن معاملات في 30/09/2025 تتعلق بمنح الأسهم المقيدة. يوضح التصريح أن 49 سهماً تم التصرف بها بسعر $22.05 للسهم الواحد لأنها قد احتُجزت لتغطية الضرائب على الأسهم المقيدة التي أصبحت كاملة الحقوق في ذلك اليوم. في الوقت نفسه، صدرت 1,814 سهماً مقيداً تحت First BanCorp Omnibus Incentive Plan بسعر $22.05؛ هذه الأسهم المصدرة حديثاً تستحوذ حقوقها اعتماداً كلياً على مرور الوقت في 30/09/2026. بعد المعاملات، امتلك السيد فريي ملكية فاعلة طلب 19,619 سهماً، مُحتفظة بشكل مباشر. كما وقع النموذج 4 بواسطة وكيل نيابة في 02/10/2025.

Daniel Edward Frye，First BanCorp（FBP）的 董事，就与限制性股票奖励相关的交易于 2025/09/30进行了报告。备案显示有 49股以每股 $22.05 的价格处置，因为它们是为覆盖因当日归属的限制性股票所产生的税款而被代扣。与此同时，依据 First BanCorp Omnibus Incentive Plan 发行了 1,814股限制性股票，发行价同为 $22.05；这批新发行的股票仅随时间流逝在 2026/09/30完成归属。交易结束后， Frye 先生实际拥有 19,619股，直接持有。Form 4 已由代理人于 2025/10/02 签署。

Positive
  • None.
Negative
  • None.

Insights

Insider received time‑vesting restricted stock; a small portion withheld for taxes.

The filing documents a routine equity compensation event: the vesting of restricted stock on 09/30/2025 produced a tax-withholding disposition of 49 shares at $22.05.

Simultaneously, the reporting person was issued 1,814 restricted shares under the company's omnibus plan that vest by 09/30/2026 solely by passage of time, indicating standard retention-oriented compensation rather than performance-based acceleration.

This transaction changes reported direct beneficial ownership to 19,619 shares and is consistent with routine director compensation and tax settlement mechanics disclosed in the Form 4.

Daniel Edward Frye, un direttore di First BanCorp (FBP), ha riportato operazioni in data 30/09/2025 relative a premi azionari soggetti a restrizioni. La dichiarazione mostra che 49 azioni sono state cedute a $22,05 per azione perché sono state ritenute per coprire le tasse sui titoli soggetti a restrizione che sono maturati quel giorno. Contemporaneamente, 1.814 azioni di azioni soggette a restrizioni sono state emesse a $22,05 ai sensi del First BanCorp Omnibus Incentive Plan; queste nuove azioni emesse maturano solo in base al decorso del tempo il 30/09/2026. Dopo le operazioni, il signor Frye deteneva 19.619 azioni, direttamente. Il Form 4 è stato firmato da un procuratore-in-fatto il 02/10/2025.

Daniel Edward Frye, un director de First BanCorp (FBP), informó transacciones el 30/09/2025 relacionadas con premios de acciones restringidas. La presentación muestra que se dispusieron 49 acciones a $22,05 por acción porque fueron retenidas para cubrir impuestos sobre las acciones restringidas que vencieron ese día. Paralelamente, se emitieron 1.814 acciones restringidas a $22,05 bajo el First BanCorp Omnibus Incentive Plan; estas nuevas acciones emitidas vencen/ganan derechos únicamente por el paso del tiempo el 30/09/2026. Después de las transacciones, el Sr. Frye poseía beneficiosamente 19.619 acciones, mantenidas directamente. El Formulario 4 fue firmado por un apoderado el 02/10/2025.

Daniel Edward Frye는 First BanCorp(FBP)의 임원으로서, 2025년 9월 30일에 제한 주식 보상과 관련된 거래를 보고했습니다. 공시는 49주가 주당 $22.05에 처분되었으며, 이는 그 날 만기가 된 제한 주식의 세금을 충당하기 위해 원천징수되었기 때문이라고 밝힙니다. 동시에 1,814주의 제한 주식이 $22.05로 발행되었으며, 이는 First BanCorp Omnibus Incentive Plan에 따라 발행된 것이고, 이 신규 주식은 2026년 9월 30일에 시간 경과에 따라 vest(권리 발생)됩니다. 거래 후 Frye씨는 19,619주를 직접 소유했습니다. Form 4는 2025년 10월 2일에 대리인에 의해 서명되었습니다.

Daniel Edward Frye, un directeur de First BanCorp (FBP), a signalé des transactions le 30/09/2025 liées à des attributions d’actions restreintes. Le dépôt indique que 49 actions ont été cédées à $22,05 par action car elles ont été retenues pour couvrir les impôts sur les actions restreintes qui ont vesté ce jour-là. Parallèlement, 1 814 actions restreintes ont été émises à $22,05 dans le cadre du First BanCorp Omnibus Incentive Plan; ces nouvelles actions émises vestent en fonction du temps le 30/09/2026. Après les transactions, M. Frye détenait 19 619 actions, directement détenues. Le Form 4 a été signé par un mandataire le 02/10/2025.

Daniel Edward Frye, ein Direktor von First BanCorp (FBP), berichtete am 30.09.2025 über Transaktionen im Zusammenhang mit eingeschränkten Aktienoptionen. Die Einreichung zeigt, dass 49 Aktien zu $22,05 pro Aktie veräußert wurden, weil sie eingezogen wurden, um Steuern zu decken auf eingeschränkte Aktien, die an diesem Tag vesteten. Gleichzeitig wurden 1.814 Aktien eingeschränkter Aktien im Rahmen des First BanCorp Omnibus Incentive Plan ausgegeben; diese neu ausgegebenen Aktien vesten ausschließlich durch den Zeitablauf am 30.09.2026. Nach den Transaktionen besaß Herr Frye vorteilhaft 19.619 Aktien, direkt gehalten. Das Form 4 wurde von einem Bevollmächtigten am 02.10.2025 unterschrieben.

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*
Frye Daniel Edward
(Last) (First) (Middle)
PO BOX 9146
(Street)
SAN JUAN PR 00908
(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 F 49(1) D $22.05 17,805 D
First BanCorp Common Stock, par value $0.10 per share. 09/30/2025 A 1,814(2) A $22.05 19,619 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 vested on September 30, 2025 pursuant to the terms of the restricted stock award made on September 30, 2024.
2. 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did the Form 4 filed for First BanCorp (FBP) on 10/02/2025 report?

It reported that director Daniel Edward Frye had 49 shares withheld for taxes upon vesting and was issued 1,814 restricted shares on 09/30/2025 at a price of $22.05.

Why were 49 shares disposed according to the Form 4?

The 49 shares were withheld to cover taxes related to restricted stock that vested on 09/30/2025 pursuant to the restricted stock award dated 09/30/2024.

When do the newly issued 1,814 restricted shares vest?

The 1,814 restricted shares vest solely on the passage of time on 09/30/2026.

How many First BanCorp shares does Daniel Frye beneficially own after the reported transactions?

Following the transactions, Mr. Frye beneficially owns 19,619 shares, held directly.

Under what plan were the restricted shares issued?

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