Jose Rafael Fernandez - 01 Apr 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
01 Apr 2022
Net transactions value
$0
Form type
4
Filing time
05 Apr 2022, 16:16:07 UTC
Previous filing
14 Mar 2022
Next filing
18 Nov 2022
SEC
View on sec.gov

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 Award +20,250 +77% 46,633 01 Apr 2022 Common Stock 20,250 Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan") per grant of February 22, 2022.
F2 Not applicable. The Grantee is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.
F3 Not applicable.
F4 Subject to the provisions of the Plan, the Restricted Period shall lapse in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary of the date of the Award.