First Bancorp P R Form 4 Filings

FIRST BANCORP (FBP) executive Nayda Rivera, EVP, CCO and Chief of Staff, reported selling 10,000 shares of First BanCorp common stock on August 26, 2026 in an open market or private transaction at a weighted average price of $28.1852 per share, with individual trade prices ranging from $28.14 to $28.2302. Following this sale, Rivera directly holds 230,398 shares of First BanCorp common stock. The filing does not indicate use of a Rule 10b5-1 trading plan.

FIRST BANCORP (FBP) executive Nayda Rivera, EVP, CCO and Chief of Staff, reported selling First BanCorp common stock. On August 17, 2026, she sold 10,000 shares in open-market or private transactions at a weighted average price of $29.59 per share, with individual sale prices ranging from $29.59 to $29.60. Following these transactions, she directly holds 240,398 shares of First BanCorp common stock.

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 311,738 shares of First BanCorp common stock.

First BanCorp (FBP) executive vice president Lilian Diaz-Bento sold 8,000 shares of First BanCorp Common Stock in an open-market transaction. The shares were sold at an average price of $24.3346 per share. After this sale, Diaz-Bento directly holds 56,375 First BanCorp shares.

FIRST BANCORP /PR/ director Patricia Eaves reported compensation-related stock activity. She received a grant of 1,872 shares of First BanCorp common stock at $21.36 per share as a restricted stock award under the First BanCorp Omnibus Incentive Plan.

The award was issued on March 31, 2026 and is scheduled to vest solely based on time over one year on March 31, 2027. On the same date, 209 shares were withheld at $21.36 per share to cover taxes on restricted stock that vested. After these transactions, she directly holds 21,651 shares of First BanCorp common stock.

First BanCorp executive Nayda Rivera reported routine equity compensation activity and related tax withholding. She received 13,576 shares of First BanCorp common stock as a restricted stock award and 13,576 Performance Share Units, each tied to one share of common stock and subject to performance goals.

The restricted stock vests solely over three years, with 50% vesting on March 19, 2028 and the rest on March 19, 2029. The Performance Share Units form part of a larger 39,328-unit performance award that can pay out between 50% and 150% of the granted amount based on results. Separately, 2,661 shares of common stock were withheld to cover taxes on previously granted restricted stock that vested, leaving Rivera with 250,398 common shares directly held.

First BanCorp EVP and CFO Orlando Berges Gonzalez reported equity compensation changes and related tax withholding. On March 19, 2026, he received 13,980 shares of First BanCorp common stock as restricted stock under the Omnibus Incentive Plan, and a separate grant of 13,980 Performance Share Units, each representing a contingent right to one common share based on performance goals.

The restricted stock vests solely over three years, with 50% vesting on March 19, 2028 and the remaining 50% on March 19, 2029. On March 21, 2026, 2,479 common shares were withheld to cover taxes on previously granted restricted stock that vested. After these transactions, he directly owns 323,539 common shares and holds 44,254 Performance Share Units.

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.

First BanCorp President and CEO Aurelio Aleman reported routine equity compensation and related tax withholding transactions. He received a grant of 58,318 shares of First BanCorp common stock at a reference price of $20.59, issued as restricted stock under the company’s Omnibus Incentive Plan. These shares vest solely over time, with 50% vesting on March 19, 2028 and the remaining 50% on March 19, 2029.

He was also granted 58,318 Performance Share Units, each representing a contingent right to one share of common stock, contributing to a total of 177,115 Performance Share Units outstanding from performance awards. Payout ranges from 50% of the award at threshold performance to 150% at maximum, with no payout below threshold. Separately, 12,693 common shares were withheld on March 21, 2026 at $20.57 per share to cover taxes on previously granted restricted stock that vested, leaving him with 1,130,475 common shares held directly.

First BanCorp EVP Michael McDonald reported routine equity compensation and tax-related share withholding. On March 19, 2026, he received 7,613 shares of First BanCorp common stock as restricted stock and 7,612 Performance Share Units, each representing a contingent right to one common share.

The restricted stock vests over three years, with 50% vesting on March 19, 2028 and the remainder on March 19, 2029. The Performance Share Units vest based on achievement of performance goals, with payout ranging from 50% to 150% of the award. On March 21, 2026, 794 shares of common stock were withheld to cover taxes on previously granted restricted stock that vested, leaving 76,170 common shares held directly and 19,449 Performance Share Units outstanding.

FIRST BANCORP /PR/ executive Jose Maria Lacasa reported routine equity compensation and related tax withholding. He received 10,693 shares of First BanCorp common stock as restricted stock on March 19, 2026 at $20.59 per share under the company’s Omnibus Incentive Plan. These restricted shares vest solely with time, 50% on March 19, 2028 and the remaining 50% on March 19, 2029.

He was also granted 10,692 Performance Share Units, each tied to one share of common stock, as part of a larger 26,948‑unit performance award that vests based on achievement of performance goals. On March 21, 2026, 1,596 common shares were withheld to cover taxes on previously granted restricted stock that vested, leaving him with 81,473 common shares held directly.

First BanCorp EVP and COO Juan Carlos Pavia reported routine equity compensation activity and related tax withholding. On March 19, 2026, he received 11,583 shares of restricted stock at $20.59 per share under the First BanCorp Omnibus Incentive Plan. These shares vest over three years, with 50% vesting on March 19, 2028 and the remaining 50% on March 19, 2029, based solely on time in service.

On the same date, he was also granted 11,583 Performance Share Units, each representing a contingent right to one share of common stock, vesting based on achievement of performance goals between threshold and maximum levels. On March 21, 2026, 1,474 common shares were withheld at $20.57 per share to cover taxes on previously granted restricted stock that vested that day. After these transactions, he holds 98,870 common shares directly and 31,894 Performance Share Units tied to performance outcomes.

First BanCorp EVP Lopez-Lay Ginoris reported equity compensation and related tax withholding transactions. On March 19, 2026, she received 9,228 shares of First BanCorp common stock as restricted stock under the First BanCorp Omnibus Incentive Plan, vesting over three years with 50% on March 19, 2028 and 50% on March 19, 2029. She also received 9,227 Performance Share Units, each representing a contingent right to one share of common stock based on achievement of performance goals, bringing total Performance Share Units to 27,149.

On March 21, 2026, 796 shares of common stock were withheld to cover taxes on restricted stock that vested from a March 21, 2024 award, a tax-withholding disposition rather than an open-market sale. After these transactions, she directly held 221,389 shares of common stock and 27,149 Performance Share Units.

First BanCorp EVP and General Counsel Sara Alvarez-Cabrero reported equity compensation and related tax withholding transactions. On March 19, 2026, she received 9,781 shares of First BanCorp common stock as restricted stock under the company’s Omnibus Incentive Plan, with vesting based solely on time over three years.

On the same date, she was granted 9,781 Performance Share Units, each representing a contingent right to one share of common stock, contributing to a total of 27,122 Performance Share Units outstanding from awards in 2024, 2025, and 2026. The ultimate shares earned from these units will depend on achievement of specified performance goals.

On March 21, 2026, 1,694 common shares were withheld to cover taxes on previously granted restricted stock that vested, leaving her with 84,573 common shares held directly. This withholding is a tax-related disposition rather than an open-market sale.

First BanCorp executive Lilian Diaz-Bento reported equity compensation awards and a small tax-related share withholding. On March 19, 2026, she received 9,689 shares of restricted First BanCorp common stock that vest over three years, and 9,689 Performance Share Units tied to future performance goals. On March 21, 2026, 853 shares of common stock were withheld to cover taxes on previously vested restricted stock. After these transactions, she directly holds 64,375 common shares and 28,984 Performance Share Units.

First BanCorp’s Chief Accounting Officer, Ortiz Said, reported a routine tax-related share disposition. On March 16, 2026, 2,109 shares of First BanCorp common stock were withheld to cover taxes on restricted stock that vested under a March 16, 2023 award. After this withholding, Ortiz directly holds 40,167.489 shares, including 313.65846 shares acquired through a dividend reinvestment plan.

First BanCorp executive Sara Alvarez-Cabrero exercised 15,121 performance share units into common stock and had shares withheld for taxes. The EVP and General Counsel received 15,121 shares of common stock from vested Performance Share Units tied to three-year performance goals.

To cover tax obligations on these vestings, 5,799 and 2,492 shares of common stock, totaling 8,291 shares at $20.57 per share, were withheld rather than sold on the market. After these transactions, she directly holds 76,486 shares of common stock and 17,341 Performance Share Units that remain outstanding, all as equity-based compensation.

First BanCorp EVP and COO Juan Carlos Pavia exercised 16,515 Performance Share Units into an equal number of common shares on March 16, 2026 after a three-year performance period. The units vested based on total shareholder return at 150% of target and a tangible book value goal at 101.46% of target.

To cover taxes on the vested performance shares and restricted stock, 7,090 common shares were withheld at $20.57 per share through two tax-withholding dispositions. After these transactions, Pavia directly holds 88,761 shares of First BanCorp common stock.

First BanCorp EVP and CFO Orlando Berges Gonzalez reported an exercise of 28,595 Performance Share Units into an equal number of common shares on March 16, 2026. These units vested based on three-year performance goals tied to relative total shareholder return and tangible book value per share.

To cover related tax obligations, 9,108 and 3,734 common shares were withheld at $20.57 per share, both recorded as tax-withholding dispositions rather than market sales. After these transactions, Berges Gonzalez directly owns 312,038 shares of First BanCorp common stock.

FIRST BANCORP /PR/ executive vice president Michael McDonald exercised performance-based equity awards and settled related taxes in shares. On March 16, 2026, he exercised 10,380 Performance Share Units into the same number of First BanCorp common shares at a conversion price of $0.00 per share.

To cover tax obligations on vested awards, 3,966 common shares were withheld at $20.57 per share through tax-withholding dispositions, a non-market mechanism. After these transactions, McDonald directly held 69,351 shares of First BanCorp common stock and 11,837 outstanding Performance Share Units that remain subject to future performance-vesting conditions.

First BanCorp EVP Jose Maria Lacasa exercised 14,451 Performance Share Units into an equal number of common shares on March 16, 2026, as a performance-based award vested.

To cover related taxes, 8,337 common shares were withheld at $20.57 per share, leaving 72,376 common shares held directly and 16,256 Performance Share Units outstanding under other awards.

FIRST BANCORP /PR/ executive EVP Lopez-Lay Ginoris exercised performance share units into common stock and had shares withheld for taxes. On March 16, 2026, 15,599 Performance Share Units converted into 15,599 shares of First BanCorp common stock. To cover tax obligations tied to vesting awards, 6,918 shares of common stock were withheld at a price of $20.5700 per share across two transactions. After these moves, the executive directly owned 212,957 shares of common stock and held 17,922 Performance Share Units that remain subject to future performance-based vesting.

FIRST BANCORP /PR/ EVP Lilian Diaz-Bento exercised performance-based equity awards and had shares withheld for taxes. She exercised 15,886 Performance Share Units, receiving the same number of shares of First BanCorp common stock. Following these transactions, she directly owns 55,539 common shares.

The Performance Share Units vested after a three-year period based on two equally weighted goals: total shareholder return versus the KBW Regional Bank Index, which paid out at 150% of target, and a tangible book value per share goal, which paid out at 101.46% of target. A total of 4,040 shares of common stock were withheld at $20.57 per share to cover tax obligations related to vested performance share units and restricted stock. Footnotes also note an outstanding grant of 19,295 Performance Share Units that will vest based on future performance.

First BanCorp President and CEO Aurelio Alemán exercised performance share units and settled related taxes in stock. On March 16, 2026 he converted 86,511 Performance Share Units into the same number of common shares, increasing his direct holdings to 1,136,058 shares before tax withholding.

To cover taxes on the vested performance shares and restricted stock, 51,208 common shares were withheld at a price of $20.57 per share, leaving him with 1,084,850 directly held shares. The vested award reflected three-year performance, with total shareholder return at 150% of target and tangible book value per share at 101.46% of target. He also holds 118,797 additional Performance Share Units granted in 2024 and 2025 that remain subject to future performance goals.

First BanCorp executive Nayda Rivera exercised performance share units into common stock and had shares withheld for taxes. On March 16, 2026, she converted 23,069 Performance Share Units into an equal number of First BanCorp common shares at a stated exercise price of $0.00 per share.

To cover tax obligations on vested performance units and restricted stock, a total of 13,797 common shares were withheld at $20.57 per share. Following these transactions, Rivera directly holds 239,483 shares of common stock and 25,752 Performance Share Units that remain outstanding and subject to future performance-based vesting.

First BanCorp director Roberto R. Herencia reported an open-market sale of First BanCorp common stock. On 02/11/2026, he sold 4,723 shares at a price of $22.633 per share. After this transaction, he directly beneficially owns 637,019 First BanCorp shares.

First BanCorp (FBP) executive Michael McDonald reported a stock sale. On January 28, 2026, the EVP sold 34,122 shares of First BanCorp common stock in open-market transactions at a weighted average price of $22.11 per share, with individual trade prices ranging from $21.97 to $22.20.

After these sales, McDonald beneficially owns 62,937 shares of First BanCorp common stock in direct ownership. The footnote explains that detailed trade-by-trade pricing information is available to the company, its security holders, or the SEC staff upon request.

First BanCorp (FBP) reported an insider stock transfer by its President and CEO, who is also a director. On 12/10/2025, the executive made a bona fide gift of 10,000 shares of First BanCorp common stock, described as a gift without any consideration. After this transfer, the reporting person beneficially owns 1,049,547 shares of the company’s common stock directly. This filing reflects a personal estate or charitable planning move rather than a sale for cash.

First BanCorp (FBP) reported a Form 4 showing a director’s equity activity on 10/30/2025. The director was granted 2,053 shares of restricted stock at $19.48 under the First BanCorp Omnibus Incentive Plan, which vest solely with time on October 30, 2026. To cover taxes upon vesting of prior awards, 207 shares were withheld at $19.48. Following these transactions, the director beneficially owns 19,060 shares directly.

John A. Heffern, a director of First BanCorp (FBP), reported insider transactions on 09/30/2025. The filing shows 88 shares were disposed of at $22.05 (reported as code F) because they were withheld to cover taxes on restricted stock that vested that day. Simultaneously, 1,814 shares of restricted stock were issued at $22.05 under the company Omnibus Incentive Plan; those shares vest after one year on 09/30/2026. After these transactions Mr. Heffern beneficially owns 76,296 common shares, held directly.

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.

Juan Acosta Rebeyras, a director of First BanCorp (FBP), reported insider transactions dated 09/30/2025. He disposed of 189 shares at $22.05 per share through a sale coded F and acquired 1,814 shares at $22.05 under code A. Following the transactions his beneficial ownership rose to 24,515 shares from 22,701. The filing explains 189 shares were withheld to cover taxes on restricted stock that vested on 09/30/2025, and the 1,814 shares are newly issued restricted stock that will vest on 09/30/2026 solely by passage of time under the First BanCorp Omnibus Incentive Plan.

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.

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.

Donald Kafka, Executive Vice President and director at First BanCorp (FBP), reported three share dispositions on 09/15/2025 related to restricted stock vesting. A total of 5,309 shares were withheld to cover taxes from three separate restricted stock awards granted on 03/16/2023, 03/21/2024 and 03/15/2025; each tranche was withheld at a price of $21.65 per share. Following these transactions Mr. Kafka beneficially owned 58,501, 60,318 and 62,344 shares in the respective security lines shown on the form, reported as direct ownership. The Form 4 was signed by an attorney-in-fact on 09/17/2025.

Reporting person: Dedrick Tracey A, identified as a Director of First BanCorp (FBP). The Form 4 shows three non-derivative acquisitions of First BanCorp common stock executed through the reporting person's personal Dividend Reinvestment Plan.

Transactions: on 03/07/2025 acquired 250.89 shares at $18.5092 (holding 31,544.1093 shares after); on 06/13/2025 acquired 233.176 shares at $20.1627 (holding 31,777.2853); on 09/12/2025 acquired 216.204 shares at $21.91 (holding 31,993.4893). The filer explains these were acquired through a personal DRIP not linked to First BanCorp. The form was filed individually and signed by an attorney-in-fact on 09/16/2025.