Cabrera Jose E. - Mar 8, 2022 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Risk & Compliance Office
Signature
/s/ Jose E. Cabrera Lazaro
Stock symbol
OFG
Transactions as of
Mar 8, 2022
Transactions value $
-$44,808
Form type
4
Date filed
3/10/2022, 05:42 PM
Next filing
Apr 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise +1.17K 1.17K Mar 8, 2022 Direct F1
transaction OFG Common Stock Options Exercise +2.21K +189.54% 3.38K Mar 8, 2022 Direct F1, F2
transaction OFG Common Stock Tax liability -$15.4K -556 -16.47% $27.72 2.82K Mar 8, 2022 Direct F3
transaction OFG Common Stock Tax liability -$29.4K -1.05K -37.38% $27.89 1.77K 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 Units Options Exercise -1.17K -19.43% 4.83K Mar 8, 2022 Common Stock 1.17K 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 a performance share unit award on 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.