{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-24-015405","form_type":"8-K","ticker":"FBP","cik":"0001057706","company_name":"FIRST BANCORP /PR/","filed_at":"2024-03-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.251340+00:00","generated_at":"2026-06-04T06:56:38.093458+00:00","sec_items":["5.02"],"event_type":"other","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"First BanCorp increases CEO base salary to $1.08M and CRO to $550K; adjusts incentive targets for CFO and CRO","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-24-015405","json":"https://secwatch.observer/filing/0001140361-24-015405.json","markdown":"https://secwatch.observer/filing/0001140361-24-015405.md","text":"https://secwatch.observer/filing/0001140361-24-015405.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1057706/000114036124015405/0001140361-24-015405-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1057706/000114036124015405/ef20025235_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T06:56:38.093458+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}