Gonzalez Hugh - Jan 25, 2023 Form 3 Insider Report for OFG BANCORP (OFG)

Role
General Counsel
Signature
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Gonzalez Hugh
Stock symbol
OFG
Transactions as of
Jan 25, 2023
Transactions value $
$0
Form type
3
Date filed
2/3/2023, 03:00 PM
Next filing
Mar 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OFG Common Stock 6.67K Jan 25, 2023 Direct

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
holding OFG Qualified Stock Options Jan 25, 2023 Common Stock 1.4K $17.44 Direct F1, F2
holding OFG Qualified Stock Options Jan 25, 2023 Common Stock 1.4K $16.10 Direct F1, F2
holding OFG Restricted Units Jan 25, 2023 Common Stock 317 Direct F3, F4, F5
holding OFG Restricted Units Jan 25, 2023 Common Stock 667 Direct F3, F4, F6
holding OFG Restricted Units Jan 25, 2023 Common Stock 1.2K Direct F3, F4, F7
* 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"). These options represent a right to buy the underlying securities.
F2 These Qualified Stock Options are fully exercisable.
F3 Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.
F4 Not applicable. The reporting person is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.
F5 Subject to the provisions of the Plan, the Restricted Period of the 950 Restricted Units originally awarded on February 18, 2020, lapses in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary date of the Award.
F6 Subject to the provisions of the Plan, the Restricted Period of the 1,000 Restricted Units originally awarded on February 17, 2021, lapses in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary date of the Award.
F7 Subject to the provisions of the Plan, the Restricted Period of the 1,200 Restricted Units originally awarded on February 22, 2022, lapses in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary date of the Award.