Ganesh Kumar - 23 Feb 2022 Form 4 Insider Report for OFG BANCORP (OFG)

Role
SEVP & COO
Signature
/s/ Ganesh Kumar
Issuer symbol
OFG
Transactions as of
23 Feb 2022
Net transactions value
+$298,116
Form type
4
Filing time
25 Feb 2022, 15:02:43 UTC
Previous filing
30 Jul 2021
Next filing
10 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise $298,116 +25,200 +28% $11.83 113,861 23 Feb 2022 Direct

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 Qualified Stock Options Options Exercise -25,200 -25% 75,800 23 Feb 2022 Common Stock 25,200 $11.83 Direct F1, F2, F3
* 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"). These options represented a right to buy the underlying securities.
F2 The executive is exercising a derivative security.
F3 The Award became exercisable at the rate of 25% per year commencing on February 23, 2014.