Lopez-Lay Ginoris bought FBP
March 19, 2026 · Form 4 insider transaction
Lopez-Lay Ginoris bought 9,227 shares of First BanCorp. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
Footnotes
Performance Share Units granted as a performance award, vesting based upon degree of achievement of performance goal. Each Performance Share Unit represents a contingent right to receive one share of FBP common stock. At the end of the performance period, 50% of the award is paid for threshold-level performance up to 150% for maximum level performance, in FBP common stock free of restriction. Amounts between threshold, target, and maximum level performance are interpolated to reward incremental achievement and no amounts are paid if actual results of the performance goal are below threshold-level performance.; The amount of 27,149 Performance Share Units were granted as a performance award with 9,168 shares granted on March 21, 2024, 8,754 shares granted on March 19, 2025, and 9,227 shares granted on March 19, 2026 and vest upon the degree of achievement of performance goals. Each Performance Share Unit represents a contingent right to receive one share of FBP common stock.