Ganesh Kumar - 17 Mar 2023 Form 4 Insider Report for OFG BANCORP (OFG)

Role: Chief Operating Officer
Signature: /s/ Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Kumar Ganesh
Issuer symbol: OFG
Transactions as of: 17 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 21 Mar 2023, 18:28:32 UTC
Previous filing: 01 Mar 2023
Next filing: 05 Dec 2023
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	OFG	Restricted Units	Award		+12,700	+85%		27,618	17 Mar 2023	Common Stock	12,700		Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan") per grant of February 21, 2023.
F2	Not applicable. The Grantee is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.
F3	Subject to the provisions of the Plan, the Restricted Period shall lapse in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary of the date of the Award.
F4	Not applicable.