Sundar PichaiSundar Pichai earned $164M in 2023

Orlando Berges-Gonzalez is the Executive Vice President and Chief Financial Officer of First BanCorp, a position he has held since 2009. With over 30 years of experience in finance and administration, Orlando knows the banking industry well. Before joining First...

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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

3 years 7 months (Oct 2021 - Present)

Previous Experience

Executive Vice President and Chief Financial Officer

Holdings

See how much did Orlando Berges-Gonzalez make over time.

Orlando Berges-Gonzalez has a noticeable stake in First BanCorp. As of latest data, he owns around 235,182 shares. His holdings were particularly significant in earlier years, especially when he first joined the company in 2009. He has seen fluctuations in...

Mar 18, 2025

Total Stock Sold

$3.71M

FBP

$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 $1.48M.
This is -60.03% and $2.23M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Orlando Berges-Gonzalez.

FBP

$1.34M

FBP at $17.92/share

May 1, 2024

Sale

FBP

$270.00K

FBP at $17.35/share

Mar 21, 2024

Received

FBP

$272.70K

FBP at $11.99/share

Mar 16, 2023

Received

FBP

$781.88K

FBP at $15.64/share

Aug 10, 2022

Sale

FBP

$210.01K

FBP at $13.15/share

Mar 24, 2022

Received

FBP

$260.40K

FBP at $13.02/share

May 14, 2021

Sale

FBP

$1.04M

FBP at $13.00/share

May 5, 2021

Sale

FBP

$135.00K

FBP at $11.26/share

Mar 31, 2021

Received

FBP

$143.10K

FBP at $4.08/share

Mar 18, 2020

Received

Compensation History

See how much did Orlando Berges-Gonzalez make over time.

In 2023, Orlando Berges-Gonzalez earned a total compensation of $1,481,347, which included a salary of $600,000 and a Christmas bonus of $1,200. His compensation also featured around $655,064 in vested restricted stock, showcasing how his pay is closely tied to the company's performance. The board values his contributions, reflected in his consistent salary over the years. His compensation package is designed to align with company goals, using metrics such as corporate profitability and operating efficiency. This performance-oriented approach aims to reward Orlando for not only meeting short-term financial targets but also for ensuring long-term shareholder value.

Year

2023

Total Compensation

$1.27M

Salary

$600.00K

Board 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

$1.20K

Board 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

$13.96K

Board 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

$655.06K(58.61K 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.

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