STOCK TITAN

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

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Reporting person Dedrick Tracey A, a director of First BanCorp /PR/ (FBP), reported transactions dated 09/30/2025. The filing shows 1,814 shares of restricted stock were issued under the First BanCorp Omnibus Incentive Plan and will vest on 09/30/2026 based solely on the passage of time. Concurrently, a portion of restricted stock that vested on 09/30/2025 had shares withheld to cover taxes (recorded as a disposition). Following these transactions the report shows beneficial ownership of 33,760.4893 shares. The transactions were effected at a reported price of $22.05 per share and the Form 4 was signed by an attorney-in-fact on 10/02/2025.

Rapporto della persona Dedrick Tracey A, un direttore di First BanCorp /PR/ (FBP), ha riferito le transazioni datate 09/30/2025. La dichiarazione mostra 1,814 azioni restricted stock emesse under il First BanCorp Omnibus Incentive Plan e si matureranno al 09/30/2026 basate unicamente sul decorso del tempo. Contemporaneamente, una porzione delle azioni ristrette che si sono maturate il 09/30/2025 sono state trattenute per coprire le tasse (registrato come una disposizione). Dopo queste transazioni, la proprietà utile risulta essere di 33,760.4893 azioni. Le transazioni sono state effettuate a un prezzo riportato di $22.05 per azione e il Form 4 è stato firmato da un procuratore il 02/10/2025.

La persona que reporta Dedrick Tracey A, un director de First BanCorp /PR/ (FBP), informó las transacciones con fecha 09/30/2025. La declaración muestra que se emitieron 1,814 acciones restringidas bajo el First BanCorp Omnibus Incentive Plan y se consolidarán el 09/30/2026 basadas únicamente en el transcurso del tiempo. Concurrentemente, una porción de las acciones restringidas que se consolidaron el 09/30/2025 se retuvieron para cubrir impuestos (registrado como una disposición). Tras estas transacciones, la propiedad beneficial asciende a 33,760.4893 acciones. Las transacciones se realizaron a un precio informado de $22.05 por acción y el Form 4 fue firmado por un apoderado el 02/10/2025.

보고자 Dedrick Tracey A, First BanCorp /PR/ (FBP)이사로서 2025년 9월 30일에 대한 거래를 보고했다. 보고서는 1,814주의 제한 주식이 First BanCorp Omnibus Incentive Plan에 따라 발행되었으며 2026년 9월 30일에 시간의 경과에 따라 귀속될 것이라고 한다. 동시에, 2025년 9월 30일에 귀속된 제한 주식의 일부가 세금을 충당하기 위해 주식이 공제되었고(처분으로 기록됨). 이러한 거래 이후, 수익적 소유권은 33,760.4893주로 나타난다. 거래는 주당 $22.05의 보고 가격으로 이루어졌고, Form 4는 2025년 10월 2일에 대리인에 의해 서명되었다.

La personne qui fait le rapport Dedrick Tracey A, un directeur de First BanCorp /PR/ (FBP), a signalé des transactions datées du 30/09/2025. Le dépôt indique que 1 814 actions restreintes ont été émises dans le cadre du First BanCorp Omnibus Incentive Plan et qu’elles acquerront des droits au 30/09/2026 en se fondant uniquement sur le passage du temps. Parallèlement, une partie des actions restreintes qui se sont acquises le 30/09/2025 ont été retenues pour couvrir les impôts (enregistrées comme une disposition). Suite à ces transactions, la propriété bénéficiaire s’élève à 33,760.4893 actions. Les transactions ont été effectuées à un prix déclaré de $22.05 par action et le Form 4 a été signé par un mandataire le 02/10/2025.

Berichtsperson Dedrick Tracey A, ein Direktor von First BanCorp /PR/ (FBP), meldete Transaktionen datiert auf den 30.09.2025. Der Bericht zeigt, dass 1.814 Aktien restriktierte Aktien unter dem First BanCorp Omnibus Incentive Plan ausgegeben wurden und am 30.09.2026 basierend auf dem Ablauf der Zeit vesten. Gleichzeitig wurde ein Teil der vesteten restriktiven Aktien am 30.09.2025 einbehalten, um Steuern zu decken (als Veräußerung verbucht). Nach diesen Transaktionen ergibt sich eine Eigentümerschaft von 33.760.4893 Aktien. Die Transaktionen wurden zu einem gemeldeten Preis von $22.05 pro Aktie durchgeführt und das Formular 4 wurde am 02.10.2025 von einem Bevollmächtigten unterzeichnet.

الشخص المبلغ Dedrick Tracey A، مدير في First BanCorp /PR/ (FBP)، أبلغ عن معاملات مؤرخة في 30/09/2025. يظهر الملف أن 1,814 سهماً من الأسهم المقيدة صدرت بموجب خطة الحوافز الشاملة لـ First BanCorp Omnibus Incentive Plan وستكتسب حقوقها في تاريخ 30/09/2026 بناءً فقط على مرور الزمن. في الوقت نفسه، جزء من الأسهم المقيدة التي نمت حقوقها في 30/09/2025 تم حجزها لتغطية الضرائب (مسجلة باعتبارها تصرفاً). عقب هذه المعاملات، تظهر الملكية المستفيدة بمقدار 33,760.4893 سهماً. تمت المعاملات بسعر مُبلغ عنه قدره $22.05 للسهم الواحد ووقع نموذج Form 4 من قبل وكيل نيابة في 02/10/2025.

报告人Dedrick Tracey A,为First BanCorp /PR/ (FBP)董事,报告了日期为2025-09-30的交易。申报显示有1,814股受限股票在First BanCorp Omnibus Incentive Plan下被发行,将基于时间推移于2026-09-30归属。与此同时,于2025-09-30已归属的部分受限股票被扣留以覆盖税费(记为处置)。经这些交易后,受益所有权为33,760.4893股。交易价格为每股$22.05,Form 4于2025-10-02由授权代理人签署。

Positive
  • Director received 1,814 restricted shares under the First BanCorp Omnibus Incentive Plan
  • Beneficial ownership rose to 33,760.4893 shares following the transactions
Negative
  • A portion of vested restricted shares was withheld to cover taxes (recorded as a disposition)
  • Transactions occurred at a reported price of $22.05, which may lock in tax withholding at that price

Insights

Director received time-based restricted stock and had shares withheld for taxes.

The filing documents a standard director equity award: 1,814 restricted shares issued under the company's omnibus plan that vest on 09/30/2026 solely by passage of time. This is a common compensation mechanism to align directors with shareholder interests without immediate transfer of full ownership.

The report also shows shares were withheld to satisfy tax obligations from restricted stock that vested on 09/30/2025; such withholding is routine and reduces the net shares received on vesting.

Net beneficial ownership increased to 33,760.4893 shares after issuance and withholding.

The Form 4 lists a disposition tied to tax withholding and an acquisition of 1,814 restricted shares at a reported per-share price of $22.05. The filing shows the reporting person's beneficial ownership at 33,760.4893 shares following the transactions, indicating a net increase in economic exposure despite the withholding.

Rapporto della persona Dedrick Tracey A, un direttore di First BanCorp /PR/ (FBP), ha riferito le transazioni datate 09/30/2025. La dichiarazione mostra 1,814 azioni restricted stock emesse under il First BanCorp Omnibus Incentive Plan e si matureranno al 09/30/2026 basate unicamente sul decorso del tempo. Contemporaneamente, una porzione delle azioni ristrette che si sono maturate il 09/30/2025 sono state trattenute per coprire le tasse (registrato come una disposizione). Dopo queste transazioni, la proprietà utile risulta essere di 33,760.4893 azioni. Le transazioni sono state effettuate a un prezzo riportato di $22.05 per azione e il Form 4 è stato firmato da un procuratore il 02/10/2025.

La persona que reporta Dedrick Tracey A, un director de First BanCorp /PR/ (FBP), informó las transacciones con fecha 09/30/2025. La declaración muestra que se emitieron 1,814 acciones restringidas bajo el First BanCorp Omnibus Incentive Plan y se consolidarán el 09/30/2026 basadas únicamente en el transcurso del tiempo. Concurrentemente, una porción de las acciones restringidas que se consolidaron el 09/30/2025 se retuvieron para cubrir impuestos (registrado como una disposición). Tras estas transacciones, la propiedad beneficial asciende a 33,760.4893 acciones. Las transacciones se realizaron a un precio informado de $22.05 por acción y el Form 4 fue firmado por un apoderado el 02/10/2025.

보고자 Dedrick Tracey A, First BanCorp /PR/ (FBP)이사로서 2025년 9월 30일에 대한 거래를 보고했다. 보고서는 1,814주의 제한 주식이 First BanCorp Omnibus Incentive Plan에 따라 발행되었으며 2026년 9월 30일에 시간의 경과에 따라 귀속될 것이라고 한다. 동시에, 2025년 9월 30일에 귀속된 제한 주식의 일부가 세금을 충당하기 위해 주식이 공제되었고(처분으로 기록됨). 이러한 거래 이후, 수익적 소유권은 33,760.4893주로 나타난다. 거래는 주당 $22.05의 보고 가격으로 이루어졌고, Form 4는 2025년 10월 2일에 대리인에 의해 서명되었다.

La personne qui fait le rapport Dedrick Tracey A, un directeur de First BanCorp /PR/ (FBP), a signalé des transactions datées du 30/09/2025. Le dépôt indique que 1 814 actions restreintes ont été émises dans le cadre du First BanCorp Omnibus Incentive Plan et qu’elles acquerront des droits au 30/09/2026 en se fondant uniquement sur le passage du temps. Parallèlement, une partie des actions restreintes qui se sont acquises le 30/09/2025 ont été retenues pour couvrir les impôts (enregistrées comme une disposition). Suite à ces transactions, la propriété bénéficiaire s’élève à 33,760.4893 actions. Les transactions ont été effectuées à un prix déclaré de $22.05 par action et le Form 4 a été signé par un mandataire le 02/10/2025.

Berichtsperson Dedrick Tracey A, ein Direktor von First BanCorp /PR/ (FBP), meldete Transaktionen datiert auf den 30.09.2025. Der Bericht zeigt, dass 1.814 Aktien restriktierte Aktien unter dem First BanCorp Omnibus Incentive Plan ausgegeben wurden und am 30.09.2026 basierend auf dem Ablauf der Zeit vesten. Gleichzeitig wurde ein Teil der vesteten restriktiven Aktien am 30.09.2025 einbehalten, um Steuern zu decken (als Veräußerung verbucht). Nach diesen Transaktionen ergibt sich eine Eigentümerschaft von 33.760.4893 Aktien. Die Transaktionen wurden zu einem gemeldeten Preis von $22.05 pro Aktie durchgeführt und das Formular 4 wurde am 02.10.2025 von einem Bevollmächtigten unterzeichnet.

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*
Dedrick Tracey A

(Last) (First) (Middle)
P.O. 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 47(1) D $22.05 31,946.4893 D
First BanCorp Common Stock, par value $0.10 per share. 09/30/2025 A 1,814(2) A $22.05 33,760.4893 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.

FAQ

What did the Form 4 for FBP filed by Dedrick Tracey A report?

It reported the issuance of 1,814 restricted shares on 09/30/2025, withholding of vested shares to cover taxes, and beneficial ownership of 33,760.4893 shares after the transactions.

When do the newly issued restricted shares vest?

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

Why were some shares disposed of on the Form 4?

The filing states shares were withheld to cover taxes related to restricted stock that vested on 09/30/2025.

What price is shown for the reported transactions?

The transactions are reported at a price of $22.05 per share.

Who signed the Form 4?

The Form 4 was signed by Adolfo Sepulveda, Esq., Attorney-in-Fact on 10/02/2025.
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