Hugh Gonzalez - 27 Feb 2023 Form 4 Insider Report for OFG BANCORP (OFG)

Role
General Counsel
Signature
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Gonzalez Hugh
Issuer symbol
OFG
Transactions as of
27 Feb 2023
Net transactions value
-$29,739
Form type
4
Filing time
01 Mar 2023, 16:50:42 UTC
Previous filing
03 Feb 2023
Next filing
28 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 +317 +4.8% 6,987 27 Feb 2023 Direct F1
transaction OFG Common Stock Options Exercise +333 +4.8% 7,320 27 Feb 2023 Direct F1
transaction OFG Common Stock Options Exercise +400 +5.5% 7,720 27 Feb 2023 Direct F1
transaction OFG Common Stock Options Exercise +1,425 +18% 9,145 27 Feb 2023 Direct F1, F2
transaction OFG Common Stock Tax liability $3,795 -129 -1.4% $29.42 9,016 27 Feb 2023 Direct F3
transaction OFG Common Stock Tax liability $4,039 -136 -1.5% $29.70 8,880 27 Feb 2023 Direct F3
transaction OFG Common Stock Tax liability $4,841 -163 -1.8% $29.70 8,717 27 Feb 2023 Direct F3
transaction OFG Common Stock Tax liability $17,064 -580 -6.7% $29.42 8,137 27 Feb 2023 Direct F3

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 -317 -15% 1,867 27 Feb 2023 Common Stock 317 Direct F1, F4, F5
transaction OFG Restricted Units Options Exercise -333 -18% 1,534 27 Feb 2023 Common Stock 333 Direct F1, F5, F6
transaction OFG Restricted Units Options Exercise -400 -26% 1,134 27 Feb 2023 Common Stock 400 Direct F1, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Not applicable.
F2 Represent shares of Common Stock received upon settlement of a performance share unit award on February 18, 2020, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").
F3 Represents shares of Common Stock withheld against both Performance Share Units and Restricted Units for payment of applicable taxes.
F4 Awarded pursuant to the Plan. They represent 34% of a grant of Restricted Units ("RUs") of February 18, 2020.
F5 The Restricted Units convert to Common Stock on a one-for-one basis.
F6 Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 17, 2021.
F7 Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 22, 2022.