Cabrera Jose E. - Feb 27, 2023 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Risk & Compliance Office
Signature
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Cabrera Jose E.
Stock symbol
OFG
Transactions as of
Feb 27, 2023
Transactions value $
-$49,077
Form type
4
Date filed
3/1/2023, 04:45 PM
Previous filing
Apr 6, 2022
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise +2.5K +141.56% 4.27K Feb 27, 2023 Direct F1
transaction OFG Common Stock Options Exercise +1.17K +27.36% 5.43K Feb 27, 2023 Direct F1
transaction OFG Common Stock Options Exercise +416 +7.66% 5.85K Feb 27, 2023 Direct F1
transaction OFG Common Stock Tax liability -$29.9K -1.02K -17.39% $29.42 4.83K Feb 27, 2023 Direct F2
transaction OFG Common Stock Tax liability -$14.1K -475 -9.83% $29.70 4.36K Feb 27, 2023 Direct F2
transaction OFG Common Stock Tax liability -$5.05K -170 -3.9% $29.70 4.19K Feb 27, 2023 Direct F2

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 -2.5K -41.09% 3.58K Feb 27, 2023 Common Stock 2.5K Direct F1, F3, F4
transaction OFG Restricted Units Options Exercise -1.17K -32.56% 2.42K Feb 27, 2023 Common Stock 1.17K Direct F1, F4, F5
transaction OFG Restricted Units Options Exercise -416 -17.21% 2K Feb 27, 2023 Common Stock 416 Direct F1, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Not applicable.
F2 Represents shares of Common Stock withheld against Restricted Units for payment of applicable taxes.
F3 Awarded pursuant to the Plan. They represent 34% of a grant of Restricted Units ("RUs") of February 18, 2020.
F4 The Restricted Units convert to Common Stock on a one-for-one basis.
F5 Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 17, 2021.
F6 Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 22, 2022.