Haggarty Patrick J. - Jan 25, 2023 Form 3 Insider Report for OFG BANCORP (OFG)

Role: Managing Director Comm. Bankin
Signature: /s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Haggarty Patrick J.
Stock symbol: OFG
Transactions as of: Jan 25, 2023
Transactions value $: $0
Form type: 3
Date filed: 2/3/2023, 03:12 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						38.5K	Jan 25, 2023	Direct
holding	OFG	Common Stock						9.73K	Jan 25, 2023	By Defined Contribution Plan (401K)
holding	OFG	Common Stock						1.19K	Jan 25, 2023	By Non-Qualified Deferred Compensation Trust

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	Restricted Units							Jan 25, 2023	Common Stock	567		Direct	F1, F2, F3
holding	OFG	Restricted Units							Jan 25, 2023	Common Stock	1K		Direct	F1, F2, F4
holding	OFG	Restricted Units							Jan 25, 2023	Common Stock	1.45K		Direct	F1, F2, F5

* 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 ("Plan").
F2	Not applicable. The reporting person is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.
F3	Subject to the provisions of the Plan, the Restricted Period of the 1,700 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.
F4	Subject to the provisions of the Plan, the Restricted Period of the 1,500 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.
F5	Subject to the provisions of the Plan, the Restricted Period of the 1,450 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.