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

Role
Chief Financial Officer
Signature
/s/ Maritza Arizmendi
Stock symbol
OFG
Transactions as of
Apr 12, 2022
Transactions value $
$0
Form type
4
Date filed
4/14/2022, 04:53 PM
Previous filing
Mar 11, 2022
Next filing
May 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise +1.46K +4.02% 37.9K Apr 12, 2022 Direct F1
transaction OFG Common Stock Options Exercise +1.67K +4.4% 39.5K Apr 12, 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 -1.46K -15.13% 8.2K Apr 12, 2022 Common Stock 1.46K Direct F1, F2, F3
transaction OFG Restricted Units Options Exercise -1.67K -20.33% 6.53K Apr 12, 2022 Common Stock 1.67K 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.