Maritza Arizmendi - Mar 9, 2022 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Financial Officer
Signature
/s/ Maritza Arizmendi
Stock symbol
OFG
Transactions as of
Mar 9, 2022
Transactions value $
-$129,786
Form type
4
Date filed
3/11/2022, 03:07 PM
Next filing
Apr 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise +12.9K +50.18% 38.6K Mar 9, 2022 Direct F1, F2
transaction OFG Common Stock Options Exercise +2.43K +6.3% 41.1K Mar 9, 2022 Direct F2
transaction OFG Common Stock Tax liability -$20.5K -739 -1.8% $27.72 40.3K Mar 9, 2022 Direct F3
transaction OFG Common Stock Tax liability -$53.2K -1.91K -4.73% $27.89 38.4K Mar 9, 2022 Direct F3
transaction OFG Common Stock Tax liability -$56.1K -2.01K -5.24% $27.89 36.4K Mar 9, 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 -2.43K -20.11% 9.66K Mar 9, 2022 Common Stock 2.43K Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Common Stock received upon settlement of two 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").
F2 Not applicable.
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. They represent 33% of a grant of Restricted Units ("RUs") of February 17, 2021.
F5 The Restricted Units convert to Common Stock on a one-for-one basis.