Maritza Arizmendi - 12 Apr 2022 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Financial Officer
Signature
/s/ Maritza Arizmendi
Issuer symbol
OFG
Transactions as of
12 Apr 2022
Net transactions value
$0
Form type
4
Filing time
14 Apr 2022, 16:53:35 UTC
Previous filing
11 Mar 2022
Next filing
03 May 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 +1,462 +4% 37,868 12 Apr 2022 Direct F1
transaction OFG Common Stock Options Exercise +1,667 +4.4% 39,535 12 Apr 2022 Direct F1

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 -1,462 -15% 8,201 12 Apr 2022 Common Stock 1,462 Direct F1, F2, F3
transaction OFG Restricted Units Options Exercise -1,667 -20% 6,534 12 Apr 2022 Common Stock 1,667 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Not applicable.
F2 Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan"). They represent 34% of a grant of Restricted Units ("RUs") of February 20, 2019.
F3 The Restricted Units convert to Common Stock on a one-for-one basis.
F4 Awarded pursuant to the Plan. They represent 33% of a grant of RUs on February 18, 2020.