Jose E. Cabrera - 27 Feb 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.
Issuer symbol
OFG
Transactions as of
27 Feb 2023
Net transactions value
-$49,077
Form type
4
Filing time
01 Mar 2023, 16:45:02 UTC
Previous filing
06 Apr 2022
Next filing
21 Mar 2023
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 +2,500 +142% 4,266 27 Feb 2023 Direct F1
transaction OFG Common Stock Options Exercise +1,167 +27% 5,433 27 Feb 2023 Direct F1
transaction OFG Common Stock Options Exercise +416 +7.7% 5,849 27 Feb 2023 Direct F1
transaction OFG Common Stock Tax liability $29,920 -1,017 -17% $29.42 4,832 27 Feb 2023 Direct F2
transaction OFG Common Stock Tax liability $14,108 -475 -9.8% $29.70 4,357 27 Feb 2023 Direct F2
transaction OFG Common Stock Tax liability $5,049 -170 -3.9% $29.70 4,187 27 Feb 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 -2,500 -41% 3,584 27 Feb 2023 Common Stock 2,500 Direct F1, F3, F4
transaction OFG Restricted Units Options Exercise -1,167 -33% 2,417 27 Feb 2023 Common Stock 1,167 Direct F1, F4, F5
transaction OFG Restricted Units Options Exercise -416 -17% 2,001 27 Feb 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.