Director Felix Villamil of First BanCorp /PR/ (NYSE:FBP) filed a Form 4 on November 3, 2026, disclosing two transactions in common stock dated October 30, 2026: a share withholding for tax purposes and a new restricted stock award.

Key Highlights

  • Shares withheld for taxes: 206 shares of First BanCorp Common Stock (par value $0.10 per share) were disposed of at $26.18, reducing holdings to 18,854 shares directly held.
  • New restricted stock award: 1,527 shares of restricted stock were acquired at $26.18 on October 30, 2026, bringing total direct beneficial ownership to 20,381 shares.
  • Award basis: The 1,527 shares were issued under the First BanCorp Omnibus Incentive Plan, as amended, and vest solely on the basis of passage of time over a one-year period on October 30, 2027.
  • Tax withholding context: The 206 shares disposed of were withheld to cover taxes related to restricted stock that vested on October 30, 2026, pursuant to a restricted stock award made on October 30, 2025.
  • Reporting person role: Felix Villamil is identified in the filing as a Director of First BanCorp /PR/.

Director Villamil's October 2026 Restricted Stock Transactions at First BanCorp

According to the Form 4 filed on November 3, 2026, Director Felix Villamil reported two transactions in First BanCorp /PR/ (NYSE:FBP) common stock, both dated October 30, 2026. The first transaction, coded "F," reflects 206 shares withheld at $26.18 per share to cover tax obligations arising from restricted stock that vested on October 30, 2026. The filing states those vested shares were originally awarded on October 30, 2025. Following the withholding, the filing reports direct beneficial ownership of 18,854 shares.

The second transaction, coded "A," records the acquisition of 1,527 shares of restricted stock at $26.18 per share. The filing states these shares were issued pursuant to the First BanCorp Omnibus Incentive Plan, as amended, and "vest solely on the basis of the passage of time over a one-year period on October 30, 2027." After this acquisition, Villamil's total direct beneficial ownership, as reported in the filing, stands at 20,381 shares of First BanCorp Common Stock (par value $0.10 per share).

The form was signed by Adolfo Sepulveda, Esq., as Attorney-in-Fact, and filed on November 3, 2026. The filing indicates this was a report by one reporting person, with all ownership held directly. No derivative securities were reported in Table II.

What Was Disclosed

Director Felix Villamil disclosed a tax-related share withholding of 206 shares and a new restricted stock award of 1,527 shares in First BanCorp /PR/ common stock, both transacted on October 30, 2026, resulting in total direct beneficial ownership of 20,381 shares.