Kumar Ganesh - Jul 28, 2021 Form 4 Insider Report for OFG BANCORP (OFG)

Role
SEVP & COO
Signature
/s/ Ganesh Kumar
Stock symbol
OFG
Transactions as of
Jul 28, 2021
Transactions value $
-$12,967
Form type
4
Date filed
7/30/2021, 10:01 AM
Next filing
Feb 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Award +1.65K +1.88% 89.3K Jul 28, 2021 Direct F1, F2
transaction OFG Common Stock Tax liability -$13K -591 -0.66% $21.94 88.7K Jul 28, 2021 Direct F3

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 Options Exercise -1.65K -5.16% 30.3K Jul 28, 2021 Common Stock 1.65K Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represent shares of Common Stock received upon settlement of a performance share unit award on June 27, 2019, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").
F2 Not applicable.
F3 Represent shares of Common Stock withheld against Restricted Units for payment of applicable taxes.
F4 Awarded pursuant to the Plan.
F5 The Restricted Units convert to Common Stock on a one-for-one basis.