First BanCorp CAO awarded 9,471 restricted shares

First BanCorp Chief Accounting Officer Ortiz Said reported routine equity compensation activity.

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Rhea-AI Filing Summary

First BanCorp Chief Accounting Officer Ortiz Said reported routine equity compensation activity. On March 19, 2026, Said received a grant of 9,471 shares of restricted First BanCorp common stock at $20.59 per share under the company’s Omnibus Incentive Plan. These shares vest solely with time: 50% on March 19, 2028 and the remaining 50% on March 19, 2029. On March 21, 2026, 1,436 shares were withheld to cover taxes on restricted stock that vested from a prior 2024 award, a non‑market, tax-withholding disposition. After these transactions, Said directly holds 48,202.489 First BanCorp shares.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Ortiz Said

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	First BanCorp Common Stock, par value $0.10 per share	1,436	$20.57	$30K
Grant/Award	First BanCorp Common Stock, par value $0.10 per share	9,471	$20.59	$195K

Holdings After Transaction: First BanCorp Common Stock, par value $0.10 per share — 48,202.489 shares (Direct)

Footnotes (2)

F1. 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 19, 2028, and the remaining 50% vesting on year three or March 19, 2029.
F2. Shares withheld to cover taxes related to restricted stock that vested on March 21, 2026 pursuant to the terms of the restricted stock award made on March 21, 2024.

FAQ

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What insider transactions did First BanCorp (FBP) CAO Ortiz Said report?

Ortiz Said reported a restricted stock grant and a tax-related share withholding. He received 9,471 restricted shares on March 19, 2026, and had 1,436 shares withheld on March 21, 2026 to cover taxes on previously vesting restricted stock.

How many First BanCorp (FBP) shares were granted to the CAO and on what terms?

The CAO received 9,471 restricted shares of First BanCorp common stock at $20.59 per share. The grant was issued under the First BanCorp Omnibus Incentive Plan and vests solely with time over three years, based on specific future vesting dates.

What is the vesting schedule for Ortiz Said’s new First BanCorp restricted stock award?

The new restricted stock award vests purely with time over three years. Half of the 9,471 shares vest on year two, March 19, 2028, and the remaining half vest on year three, March 19, 2029, subject to the award’s standard terms.

Why were 1,436 First BanCorp (FBP) shares disposed of in Ortiz Said’s Form 4?

The 1,436 shares were withheld to cover taxes on restricted stock that vested March 21, 2026. This disposition is coded as a tax-withholding transaction, meaning shares were delivered to satisfy tax obligations rather than sold in the open market.

How many First BanCorp shares does the CAO hold after these transactions?

Following the reported grant and tax-withholding disposition, Ortiz Said directly holds 48,202.489 shares of First BanCorp common stock. This figure reflects all non-derivative holdings after the March 2026 transactions described in the Form 4 filing.

Were these First BanCorp (FBP) insider transactions open-market buys or sells?

No open-market buys or sells were reported. The Form 4 shows a grant of restricted stock coded as an acquisition and a tax-withholding disposition coded for satisfying tax liability on vesting restricted shares, not discretionary market trading activity.

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Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 03/23/2026 - 06:30 PM EDT

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^*

Ortiz Said

(Last)

(First)

(Middle)

P.O. 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

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	03/19/2026		A		9,471⁽¹⁾	A	$20.59	49,638.489	D
First BanCorp Common Stock, par value $0.10 per share	03/21/2026		F		1,436⁽²⁾	D	$20.57	48,202.489	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 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 19, 2028, and the remaining 50% vesting on year three or March 19, 2029.

2. Shares withheld to cover taxes related to restricted stock that vested on March 21, 2026 pursuant to the terms of the restricted stock award made on March 21, 2024.

	/s/ Adolfo Sepulveda, Es., Attorney-in-Fact	03/23/2026
	** 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