In 2023, Orlando Berges-Gonzalez earned $1.27M in total compensation at First BanCorp, including $600.00K salary, $1.20K bonus and $655.06K in stock. Most recently sold 75,000 shares in May 2024. Currently holds stock worth $26.30M. 4+ years at the helm of First BanCorp.
Compensation History
Annual executive compensation data for Orlando Berges-Gonzalez, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.27M
Salary
$600.00K
Bonus
$1.20K
Other
$13.96K
Salary
$600.00KBoard Justification
The compensation philosophy is performance-oriented, designed to support corporate strategic goals, including improved profitability and stockholder value appreciation. It aims to pay for short- and long-term performance using both financial and non-financial measures.
Bonus
$1.20KBoard Justification
The bonus is a Christmas bonus, which is a non-discriminatory broad-based benefit offered to all employees, equal to six percent (6%) of each employee’s base salary up to $1,200.
Other Compensation
$13.96KBoard Justification
Other compensation includes company-owned vehicles, 1165(e) plan contributions, and life insurance premiums paid by the Corporation in excess of the standard coverage.
Restricted Stock
Board Justification
The vested stock includes restricted stock awarded on March 31, 2021, which vested in 2023, and performance shares awarded on March 18, 2020, which also vested in 2023.
Performance Metrics
The performance metrics include corporate profitability measures such as Adjusted Earnings Per Share and Pre-tax, Pre-Provision Income, as well as asset quality and operating efficiency metrics.
Orlando Berges-Gonzalez
CEO of First BanCorp
Education
None
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1970 - 55 years ago
CEO of First BanCorp for
4 years 1 month (Oct 2021 - Present)
Previous Experience
Executive Vice President and Chief Financial Officer
Other First BanCorp CEOs
Holdings
Track Orlando Berges-Gonzalez's stock holdings and portfolio value over time.
Total Stock Sold
$3.71M
$3.71M
275,000 FBP shares
What if they kept their stock?
If Orlando Berges-Gonzalez didn't sell their stock, today they would have:
Extra FBP275,000 shares worth $5.52M.
This is 48.98% and $1.82M more than what they got when they sold the stock.
Insider Trading
Orlando Berges-Gonzalez's recent stock transactions, purchases, and sales filed with the SEC.
$1.34M
FBP at $17.92/share
May 1, 2024
Sale
$270.00K
FBP at $17.35/share
Mar 21, 2024
Received
$272.70K
FBP at $11.99/share
Mar 16, 2023
Received
$781.88K
FBP at $15.64/share
Aug 10, 2022
Sale
$210.01K
FBP at $13.15/share
Mar 24, 2022
Received
$260.40K
FBP at $13.02/share
May 14, 2021
Sale
$1.04M
FBP at $13.00/share
May 5, 2021
Sale
$135.00K
FBP at $11.26/share
Mar 31, 2021
Received
$143.10K
FBP at $4.08/share
Mar 18, 2020
Received
Rivals
Compare Orlando Berges-Gonzalez with competitor CEOs and industry peers.
Timothy S. Crane
CEO of Wintrust Financial
2023 Compensation
Stock
$276.30K
Salary
$1.00M
Bonus
$1.14M
Other
$33.85K
Total Holdings
$10.29M
Vincent J. Delie, Jr.
CEO of F.N.B. Corporation
2023 Compensation
Stock
$11.00M
Salary
$1.19M
Bonus
$0.00
Other
$649.18K
Total Holdings
$24.28M
Joseph S. Exnicios
CEO of Hancock Whitney Corporation
2023 Compensation
Stock
$265.86K
Salary
$553.84K
Bonus
$383.43K
Other
$67.08K
Total Holdings
$1.50K
H. Palmer Proctor, Jr.
CEO of Ameris Bancorp
2023 Compensation
Stock
$1.90M
Salary
$925.00K
Bonus
$1.44M
Other
$98.20K
Total Holdings
$1.46M