X0609 4 2026-03-16 0001057706 FIRST BANCORP /PR/ FBP 0001464458 Berges Gonzalez Orlando P.O. BOX 9146 SAN JUAN PR 00908-0146 false true false false EVP and CFO false First BanCorp Common Stock, par value $0.10 per share 2026-03-16 4 M false 28595 A 324880 D First BanCorp Common Stock, par value $0.10 per share 2026-03-16 4 F false 9108 20.57 D 315772 D First BanCorp Common Stock, par value $0.10 per share 2026-03-16 4 F false 3734 20.57 D 312038 D Performance Share Unit 2026-03-16 4 M false 28595 D 2026-03-16 Common Stock 28595 30274 D 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 three-year 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. Performance Share Units that vested based upon the degree of achievement of equally weighed performance goals at the end of a three-year performance period, comprising: (i) our total shareholder return relative to companies comprising the KBW Regional Bank Index ("TSR Target Performance"); and (ii) our pre-established targeted tangible book value per share goal ("TBV Target Performance"). Performance Share Units vested based on the achievement of (i) the TSR Target Performance goal at a level resulting in 150% of target, and (ii) the TBV Target Performance goal at a level resulting in 101.46% of target, each pursuant to the grant of Performance Units awarded on March 16, 2023. Shares withheld to cover taxes related to Performance Shares Units that vested on March 16, 2026 pursuant to the terms of the long-term incentive award made on March 16, 2023. Shares withheld to cover taxes related to restricted stock that vested on March 16, 2026 pursuant to the terms of the restricted stock award made on March 16, 2023. The amount of 30,274 Performance Share Units were granted as a performance award with 15,561 shares granted on March 21, 2024 and 14,713 shares granted on March 19, 2025, 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, Esq., Attorney-in-Fact 2026-03-18