ALVAREZ-CABRERO SARA (EVP, General Counsel) exercised options at FIRST BANCORP /PR/
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
M · 1 exercise
Filed: 3/18/2026ACC: 0001193125-26-114233
Officer· EVP, General Counsel
Since May 2021
-8.29K
Net shares
Net seller
$170.5K
Total sold
0
Open market trades
0B · 0S
4
Total transactions
15.12K acquired · 23.41K disposed
Non-Derivative Transactions3
First BanCorp Common Stock, par value $0.10 per share
Direct
Shares
+15.12K
Price / share
—
Trade value
—
% of position
21.7%
3/16/2026
69.66K→84.78K
First BanCorp Common Stock, par value $0.10 per share
Direct
Shares
−5.80K
Price / share
$20.57
Trade value
$119.29K
% of position
6.8%
3/16/2026
84.78K→78.98K
First BanCorp Common Stock, par value $0.10 per share
Direct
Shares
−2.49K
Price / share
$20.57
Trade value
$51.26K
% of position
3.2%
3/16/2026
78.98K→76.49K
Total
Net shares
+6.83K
Net value
-$170.55K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| First BanCorp Common Stock, par value $0.10 per share Direct | 3/16/2026 | M · Option Exercise | +15.12K | — | — | 21.7% | 69.66K | 84.78K |
| First BanCorp Common Stock, par value $0.10 per share Direct | 3/16/2026 | F · Tax Withholding | −5.80K | $20.57 | $119.29K | 6.8% | 84.78K | 78.98K |
| First BanCorp Common Stock, par value $0.10 per share Direct | 3/16/2026 | F · Tax Withholding | −2.49K | $20.57 | $51.26K | 3.2% | 78.98K | 76.49K |
| Total | +6.83K | -$170.55K | ||||||
Derivative Transactions1
Performance Share Unit
Direct
Converts to
Common Stock
15.12K shares
Shares
−15.12K
Strike price
Held after
17.34K
Exercisable
—
3/16/2026
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Performance Share Unit Direct | Common Stock15.12K shares | 3/16/2026 | M · Option Exercise | −15.12K | — | 17.34K |