---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-26-020795"
form_type: "8-K"
ticker: "FBP"
cik: "0001057706"
company_name: "FIRST BANCORP /PR/"
filed_at: "2026-05-12T19:44:00+00:00"
generated_at: "2026-05-12T19:45:19.840041+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# FBP shareholders approve 2026 Omnibus Incentive Plan; all nine directors elected

## Summary
- Stockholders approved the 2026 Omnibus Incentive Plan with 5M new shares authorized plus forfeited prior-plan shares.
- All nine director nominees elected; Roberto R. Herencia received 36.1M against votes (26.7% of votes cast).
- Non-binding say-on-pay passed with ~97% of votes cast in favor.
- Ratification of Crowe LLP as independent auditor for FY 2026 approved with ~99% of votes cast.
- Plan caps non-employee director annual grant value plus cash fees at $1M and requires minimum one-year vesting.

## SEC filing metadata
- accession: 0001140361-26-020795
- form_type: 8-K
- ticker: FBP
- cik: 0001057706
- company_name: FIRST BANCORP /PR/
- filed_at: 2026-05-12T19:44:00+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1057706/000114036126020795/0001140361-26-020795-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1057706/000114036126020795/ef20073187_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-26-020795
- JSON: https://secwatch.observer/filing/0001140361-26-020795.json
- Plain text: https://secwatch.observer/filing/0001140361-26-020795.txt

## Key facts
- Shareholder Votes
  FIRST BANCORP /PR/ shareholders approved Election of Directors at the 2026-05-06 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2026-05-06
  source text: Proposal 1 – Election of Directors Director Nominees : Votes For Votes Against Votes Abstained Juan Acosta Reboyras 133,131,685 2,492,818 52,410 Aurelio Alemán 133,994,286 1,627,091 55,536 Luz A. Crespo 131,748,820 3,875,113 52,980 Tracey Dedrick 135,020,841 603,154 52,918 Patricia M. Eaves 133,609,818 1,377,263 689,832 Daniel E. Frye 134,888,678 735,050 53,185 John A. Heffern 135,032,607 591,127 53,179 Roberto R. Herencia 99,373,785 36,134,938 168,190 Félix M. Villamil 135,051,354 572,964 52,595 Broker Non-Vote 8,016,633 shares for each director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057706/000114036126020795/0001140361-26-020795-index.htm
- Shareholder Votes
  FIRST BANCORP /PR/ shareholders approved Ratify the Appointment of Crowe LLP as Independent Registered Public Accounting Firm for Fiscal Year Ending December 31, 2026 at the 2026-05-06 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2026-05-06
  source text: Proposal 4 – Ratify the Appointment of Crowe LLP as the Corporation’s Independent Registered Public Accounting Firm for Fiscal Year Ending December 31, 2026 Votes For Votes Against Votes Abstained 142,700,312 917,545 75,689 3 As a result of the vote disclosed above, the appointment of Crowe LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2026 was duly ratified by the stockholders of the Corporation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057706/000114036126020795/0001140361-26-020795-index.htm
- Shareholder Votes
  FIRST BANCORP /PR/ shareholders approved Non-binding Approval of 2025 Executive Compensation at the 2026-05-06 meeting.
  - Proposal: say on pay
  - Outcome: passed
  - Meeting: 2026-05-06
  source text: Proposal 3 – Non-binding Approval of 2025 Executive Compensation of the Corporation’s named executive officers Votes For Votes Against Votes Abstained Broker Non-Votes 130,973,880 4,597,065 105,968 8,016,633 As a result of the vote disclosed above, the non-binding, advisory resolution to approve the Corporation’s named executive officer compensation as reported in the Proxy Statement was duly approved by the stockholders of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057706/000114036126020795/0001140361-26-020795-index.htm
- Shareholder Votes
  FIRST BANCORP /PR/ shareholders approved Adoption of the 2026 Omnibus Incentive Plan at the 2026-05-06 meeting.
  - Proposal: equity plan
  - Outcome: passed
  - Meeting: 2026-05-06
  source text: Proposal 2 – Adoption of the 2026 Omnibus Incentive Plan Votes For Votes Against Votes Abstained Broker Non-Votes 126,365,168 9,200,055 111,690 8,016,633 As a result of the vote disclosed above, the 2026 Omnibus Incentive Plan was duly approved by the stockholders of the Corporation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1057706/000114036126020795/0001140361-26-020795-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.