Kumar Ganesh - Apr 6, 2022 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Operating Officer
Signature
/s/ Ganesh Kumar
Stock symbol
OFG
Transactions as of
Apr 6, 2022
Transactions value $
$0
Form type
4
Date filed
4/7/2022, 04:53 PM
Previous filing
Mar 10, 2022
Next filing
Jun 30, 2022

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 +12.7K +70.27% 30.7K Apr 6, 2022 Common Stock 12.7K 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.