FIRST BANCORP Insider Pavia Files Form 4 on Ownership Change

TL;DR

**Insider Juan Carlos Pavia filed a Form 4 for FIRST BANCORP, signaling a change in his stock ownership.**

AI Summary

This Form 4 filing, dated March 23, 2026, indicates that Juan Carlos Pavia, an insider at FIRST BANCORP /PR/, has filed a statement of changes in beneficial ownership of securities. While the filing itself doesn't detail specific transactions, it signals that Mr. Pavia, whose business address is 1519 Ponce de Leon Ave, Santurce, San Juan, PR, has had a change in his holdings. This matters to investors because insider activity can sometimes signal management's confidence (or lack thereof) in the company's future prospects, potentially influencing stock price.

Why It Matters

This filing alerts investors to a change in a key insider's stock ownership, which can be a signal of their view on the company's future performance. Monitoring such changes helps investors gauge insider sentiment.

Risk Assessment

Risk Level: low — This filing is purely administrative, reporting a change in beneficial ownership, and does not inherently indicate a high risk.

Analyst Insight

Investors should look for the detailed transaction tables within the full Form 4 document to understand the nature (buy/sell) and size of the change in Pavia Juan Carlos's beneficial ownership. This will provide more actionable insight into insider sentiment regarding FIRST BANCORP /PR/.

Key Players & Entities

• Pavia Juan Carlos (person) — Reporting person, insider at FIRST BANCORP /PR/
• FIRST BANCORP /PR/ (company) — Issuer of the securities
• 0001860670 (person) — CIK for Pavia Juan Carlos
• 0001057706 (company) — CIK for FIRST BANCORP /PR/
• 2026-03-23 (date) — Filing Date
• 2026-03-19 (date) — Period of Report

FAQ

Key Financial Figures

• $0.10 — First BanCorp Common Stock, par value $0.10 per share 03/19/2026 A 11,583 (1) A $ 2

Filing Documents

• ownership.html (4)
• ownership.xml (4) — 8KB
• 0001193125-26-120157.txt ( ) — 10KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 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 * Pavia Juan Carlos (Last) (First) (Middle) PO 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) EVP, Chief Operating 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) Code V Amount (A) or (D) Price First BanCorp Common Stock, par value $0.10 per share 03/19/2026 A 11,583 (1) A $ 20.59 100,344 D First BanCorp Common Stock, par value $0.10 per share 03/21/2026 F 1,474 (2) D $ 20.57 98,870 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 Performance Share Unit (3) 03/19/2026 A 11,583 (3) 03/19/2029 Common Stock 11,583 $ 0 31,894 (4) D 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. 3. 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. 4. The amount of 31,894 Performance Share Units were granted as a performance award with 9,828 shares granted on March 21, 2024, 10,483 shares granted on March 19, 2025, and 11,583 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. /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 I

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View this 4 filing on SEC EDGAR