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

Role
CEO & Vice Chairperson BOD, Director
Signature
/s/ Jose R. Fernandez
Stock symbol
OFG
Transactions as of
Mar 10, 2022
Transactions value $
$0
Form type
4
Date filed
3/14/2022, 05:33 PM
Previous filing
Feb 11, 2022
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise +7.15K +2.33% 314K Mar 10, 2022 Direct F1
transaction OFG Common Stock Options Exercise +5.92K +1.88% 320K Mar 10, 2022 Direct F1
transaction OFG Common Stock Options Exercise +9.62K +3% 330K Mar 10, 2022 Direct F1
transaction OFG Common Stock Options Exercise +56K +16.98% 386K Mar 10, 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 -9.62K -19.6% 39.4K Mar 10, 2022 Common Stock 9.62K Direct F1, F4, F5
transaction OFG Restricted Units Options Exercise -7.15K -18.12% 32.3K Mar 10, 2022 Common Stock 7.15K Direct F1, F5, F6
transaction OFG Restricted Units Options Exercise -5.92K -18.32% 26.4K Mar 10, 2022 Common Stock 5.92K 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.