Ortiz Cesar A - Feb 28, 2022 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Director, Corp Performance
Signature
/s/ Cesar A. Ortiz
Stock symbol
OFG
Transactions as of
Feb 28, 2022
Transactions value $
-$177,675
Form type
4
Date filed
3/2/2022, 04:33 PM
Previous filing
Jan 28, 2022
Next filing
Apr 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Sale -$70.2K -2.52K -100% $27.84 0 Feb 28, 2022 Direct
transaction OFG Common Stock Award +2.24K 2.24K Mar 1, 2022 Direct F1
transaction OFG Common Stock Award +5.51K +245.43% 7.75K Mar 1, 2022 Direct F2, F3
transaction OFG Common Stock Tax liability -$17K -614 -7.92% $27.72 7.13K Mar 1, 2022 Direct F4
transaction OFG Common Stock Tax liability -$8.31K -299 -4.19% $27.78 6.84K Mar 1, 2022 Direct F4
transaction OFG Common Stock Tax liability -$7.5K -269 -3.94% $27.89 6.57K Mar 1, 2022 Direct F4
transaction OFG Common Stock Tax liability -$31.1K -1.12K -17% $27.89 5.45K Mar 1, 2022 Direct F4
transaction OFG Common Stock Tax liability -$43.5K -1.56K -28.61% $27.89 3.89K Mar 1, 2022 Direct F4

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 -2.24K -43.6% 2.9K Mar 1, 2022 Common Stock 2.24K Direct F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Not applicable.
F2 Represent shares of Common Stock received upon settlement of two (2) performance share unit awards on February 20, 2019 and September 22, 2020, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").
F3 Not applicable.
F4 Represents shares of Common Stock withheld against both Performance Shares and Restricted Units for payment of applicable taxes.
F5 Awarded pursuant to the Plan.
F6 The Restricted Units convert to Common Stock on a one-for-one basis.