Aurelio Alemán compensation by year
First Bancorp Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $940,769 | $959,000 | $959,000 | $959,000 | $995,885 | $959,000 | $989,592 | $1,029,692 | $1,069,692 | $1,107,914 |
| Bonus | $1,200 | $408,775 | $408,775 | $1,200 | $1,200 | $720,450 | $1,200 | $1,200 | $1,200 | $1,200 |
| Stock awards | $1,899,769 | $1,573,791 | $1,678,908 | $1,392,467 | $1,732,911 | $1,246,696 | $1,390,547 | $1,667,193 | $2,142,327 | $2,178,242 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $0 | $380,963 | $993,631 | $950,612 | $827,935 | $1,173,904 | $1,303,232 | $1,286,154 | $1,461,656 | $1,635,273 |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| All other | $57,703 | $56,333 | $55,476 | $76,698 | $81,775 | $83,007 | $82,610 | $94,328 | $99,319 | $103,727 |
| Total | $2,899,441 | $3,378,861 | $4,095,791 | $3,379,977 | $3,639,706 | $4,183,057 | $3,767,180 | $4,078,567 | $4,774,195 | $5,026,356 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: First Bancorp DEF 14A filed March 25, 2026, accession 0001140361-26-011118, and prior-year filings. Open the filing on EDGAR.
How this page was built: the First Bancorp filed document, accession 0001140361-26-011118. Every figure is read from that document and cited to the page and table it appears in. Filed March 25, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 239,712 | $4,969,230 | — |
| PSU | 89,098 | $1,847,002 | — |
| PSU | 34,403 | $713,174 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in First Bancorp's FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Change-in-control & termination
estimated payments First Bancorp discloses, by trigger · FY2025| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Death | $1,000,000 | $6,816,232 | — | $7,816,232 |
| Involuntary termination without cause | $4,468,000 | $6,816,232 | — | $11,284,232 |
| Involuntary for cause | $0 | $0 | — | $0 |
| Change in control and involuntary termination | $11,424,003 | $6,816,232 | — | $18,240,235 |
| Disability | $0 | $6,816,232 | — | $6,816,232 |
| Retirement | $0 | $6,816,232 | — | $6,816,232 |
| Voluntary resignation | $0 | $0 | — | $0 |
Per the Potential Payments Upon Termination or Change in Control table in First Bancorp's FY2025 proxy. Estimates as the company printed them; a dash means it printed no figure.
First Bancorp’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Aurelio Alemán · this page | President and Chief Executive Officer | $5,026,356 |
| Orlando Berges | Executive Vice President and Chief Financial Officer | $1,572,960 |
| Nayda Rivera | Executive Vice President and Chief Consumer Officer and Chief of Staff | $1,457,678 |
| Juan Carlos Pavía | Executive Vice President and Chief Operating Officer | $1,259,079 |
| Lilian Díaz-Bento | Executive Vice President and Business Group Director | $1,119,664 |
Board service
First Bancorp board · FY2021–FY2025How this board is paid
Company policy: First Bancorp pays directors a $75,000 cash retainer and $40,000 in equity. As stated in First Bancorp's FY2025 proxy.
The full First Bancorp compensation record
free company briefThis page is one person within First Bancorp's record. The company brief lists every named executive, each linking to their own page.
Peer companies
named in the First Bancorp proxy · each links to its own free briefCompensation, the day it’s disclosed
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How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are First Bancorp's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
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