AGM/EGMMay 12, 2026, 03:51 PM

First BanCorp Stockholders Approve 2026 Omnibus Incentive Plan

AI Summary

First BanCorp stockholders approved the adoption of the 2026 Omnibus Incentive Plan at their Annual Meeting on May 6, 2026, making 5,000,000 shares available for issuance. Additionally, all nine director nominees were elected for a one-year term. Stockholders also approved the 2025 executive compensation in a non-binding advisory vote and ratified Crowe LLP as the independent auditor for the fiscal year ending December 31, 2026.

Key Highlights

Stockholders approved the 2026 Omnibus Incentive Plan, making 5,000,000 shares available for awards.
The 2026 Omnibus Incentive Plan was approved with 126,365,168 votes For and 9,200,055 votes Against.
All nine director nominees were duly elected to serve for a one-year term.
Juan Acosta Reboyras was elected with 133,131,685 votes For.
The non-binding approval of 2025 executive compensation passed with 130,973,880 votes For.
Crowe LLP was ratified as the independent registered public accounting firm for 2026 with 142,700,312 votes For.

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FBP

Major Banks

FIRST BANCORP /PR/

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