First BanCorp increases CEO base salary to $1.08M and CRO to $550K; adjusts incentive targets for CFO and CRO

FIRST BANCORP /PR/

CEO Aurelio Alemán base salary increase from $1.04M to $1.08M, effective April 1, 2024.
CRO Nayda Rivera base salary increase from $500K to $550K, effective April 1, 2024.
CFO Orlando Berges short-term incentive target raised from 50% to 60% of base salary.
CRO Nayda Rivera short-term incentive target raised from 50% to 60% of base salary.
CEO long-term incentive target increased from 165% to 200% of base salary, effective March 21, 2024.

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