Maritza Arizmendi - 09 Mar 2022 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Financial Officer
Signature
/s/ Maritza Arizmendi
Issuer symbol
OFG
Transactions as of
09 Mar 2022
Net transactions value
-$129,786
Form type
4
Filing time
11 Mar 2022, 15:07:29 UTC
Next filing
14 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise +12,908 +50% 38,631 09 Mar 2022 Direct F1, F2
transaction OFG Common Stock Options Exercise +2,433 +6.3% 41,064 09 Mar 2022 Direct F2
transaction OFG Common Stock Tax liability $20,485 -739 -1.8% $27.72 40,325 09 Mar 2022 Direct F3
transaction OFG Common Stock Tax liability $53,158 -1,906 -4.7% $27.89 38,419 09 Mar 2022 Direct F3
transaction OFG Common Stock Tax liability $56,143 -2,013 -5.2% $27.89 36,406 09 Mar 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 -2,433 -20% 9,663 09 Mar 2022 Common Stock 2,433 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.