| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | OFG | Common Stock | Options Exercise | $535K | +45.2K | +15.14% | $11.83 | 344K | Nov 10, 2021 | Direct | |
| transaction | OFG | Common Stock | Tax liability | -$535K | -19.8K | -5.76% | $27.01 | 324K | Nov 10, 2021 | Direct | F1, F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | OFG | Qualified Stock Options | Options Exercise | $0 | -45.2K | -25.06% | $0.00 | 135K | Nov 10, 2021 | Common Stock | 45.2K | $11.83 | Direct | F3, F4, F5 |
| Id | Content |
|---|---|
| F1 | Represents a "net exercise" of outstanding stock options. The reporting person received 25403 shares of Common Stock on net exercise of option to purchase 45,200 shares of Common Stock. The Issuer withheld 19,797 shares of Common Stock underlying the option for payment of the exercise price, using the closing stock price on November 9, 2021 of $27.01. |
| F2 | In addition to the reporting person's direct beneficial ownership of 324,028.688 OFG shares, he also indirectly owns 45,152 OFG shares through a Non-Qualified Deferred Compensation Trust, and directly owns 5,560 shares of Non-Cumulative Perpetual Preferred Stock, Series D. |
| F3 | Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. These options represented a right to buy the underlying securities. |
| F4 | The executive is exercising a derivative security. |
| F5 | The Award became exercisable at the rate of 25% per year commencing on February 23, 2014. |