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

Role
SEVP & COO
Signature
/s/ Ganesh Kumar
Stock symbol
OFG
Transactions as of
Feb 23, 2022
Transactions value $
$298,116
Form type
4
Date filed
2/25/2022, 03:02 PM
Previous filing
Jul 30, 2021
Next filing
Mar 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise $298K +25.2K +28.42% $11.83 114K Feb 23, 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 -25.2K -24.95% 75.8K Feb 23, 2022 Common Stock 25.2K $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.