Jose Rafael Fernandez - 10 Mar 2022 Form 4 Insider Report for OFG BANCORP (OFG)

Role
CEO & Vice Chairperson BOD, Director
Signature
/s/ Jose R. Fernandez
Issuer symbol
OFG
Transactions as of
10 Mar 2022
Net transactions value
$0
Form type
4
Filing time
14 Mar 2022, 17:33:11 UTC
Previous filing
11 Feb 2022
Next filing
05 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 +7,148 +2.3% 314,417 10 Mar 2022 Direct F1
transaction OFG Common Stock Options Exercise +5,916 +1.9% 320,333 10 Mar 2022 Direct F1
transaction OFG Common Stock Options Exercise +9,616 +3% 329,949 10 Mar 2022 Direct F1
transaction OFG Common Stock Options Exercise +56,013 +17% 385,962 10 Mar 2022 Direct F1, F2, 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 -9,616 -20% 39,447 10 Mar 2022 Common Stock 9,616 Direct F1, F4, F5
transaction OFG Restricted Units Options Exercise -7,148 -18% 32,299 10 Mar 2022 Common Stock 7,148 Direct F1, F5, F6
transaction OFG Restricted Units Options Exercise -5,916 -18% 26,383 10 Mar 2022 Common Stock 5,916 Direct F1, F5, F7
* 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 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 In addition to the reporting person's direct beneficial ownership of 385,961.688 OFG shares, he also indirectly owns 45,152 OFG shares of Common Stock through a Non-Qualified Deferred Compensation Trust.
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.
F6 Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 18, 2020.
F7 Awarded pursuant to the Plan. They represent 34% of a grant of Restricted Units ("RUs") of February 20, 2019.