Kumar Ganesh - Mar 8, 2022 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Operating Officer
Signature
/s/ Ganesh Kumar
Stock symbol
OFG
Transactions as of
Mar 8, 2022
Transactions value $
-$542,807
Form type
4
Date filed
3/10/2022, 02:13 PM
Previous filing
Feb 25, 2022
Next filing
Apr 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise +2.48K +2.18% 116K Mar 8, 2022 Direct F1
transaction OFG Common Stock Options Exercise +3.33K +2.86% 120K Mar 8, 2022 Direct F1
transaction OFG Common Stock Options Exercise +6.48K +5.42% 126K Mar 8, 2022 Direct F1
transaction OFG Common Stock Options Exercise +42.8K +33.94% 169K Mar 8, 2022 Direct F1, F2
transaction OFG Common Stock Tax liability -$32.6K -1.17K -0.69% $27.78 168K Mar 8, 2022 Direct F3
transaction OFG Common Stock Tax liability -$63.5K -2.29K -1.37% $27.72 166K Mar 8, 2022 Direct F3
transaction OFG Common Stock Tax liability -$24.5K -878 -0.53% $27.89 165K Mar 8, 2022 Direct F3
transaction OFG Common Stock Tax liability -$72K -2.58K -1.57% $27.89 162K Mar 8, 2022 Direct F3
transaction OFG Common Stock Tax liability -$105K -3.77K -2.33% $27.89 158K Mar 8, 2022 Direct F3
transaction OFG Common Stock Tax liability -$245K -8.79K -5.55% $27.89 149K Mar 8, 2022 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 Stock Units Options Exercise -2.48K -8.19% 27.8K Mar 8, 2022 Common Stock 2.48K Direct F1, F4, F5
transaction OFG Restricted Stock Units Options Exercise -3.33K -11.98% 24.5K Mar 8, 2022 Common Stock 3.33K Direct F1, F4, F5
transaction OFG Restricted Stock Units Options Exercise -6.48K -26.48% 18K Mar 8, 2022 Common Stock 6.48K Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Not applicable.
F2 Represents shares of Common Stock received upon settlement of performance share unit awards on February 20, 2019, June 27, 2019 and September 22, 2020, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").
F3 Represents shares of Common Stock withheld against both Performance Share Units and 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.