Maritza Arizmendi - 27 Feb 2023 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Financial Officer
Signature
/s/ Maritza Arizmendi
Issuer symbol
OFG
Transactions as of
27 Feb 2023
Net transactions value
-$118,110
Form type
4
Filing time
01 Mar 2023, 17:56:31 UTC
Previous filing
03 May 2022
Next filing
06 Apr 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 +1,667 +4.2% 41,202 27 Feb 2023 Direct F1
transaction OFG Common Stock Options Exercise +2,433 +5.9% 43,635 27 Feb 2023 Direct F1
transaction OFG Common Stock Options Exercise +1,583 +3.6% 45,218 27 Feb 2023 Direct F1
transaction OFG Common Stock Options Exercise +7,500 +17% 52,718 27 Feb 2023 Direct F1, F2
transaction OFG Common Stock Tax liability $14,887 -506 -0.96% $29.42 52,212 27 Feb 2023 Direct F3
transaction OFG Common Stock Tax liability $21,948 -739 -1.4% $29.70 51,473 27 Feb 2023 Direct F3
transaction OFG Common Stock Tax liability $14,286 -481 -0.93% $29.70 50,992 27 Feb 2023 Direct F3
transaction OFG Common Stock Tax liability $66,989 -2,277 -4.5% $29.42 48,715 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 -2,433 -22% 8,851 27 Feb 2023 Common Stock 2,433 Direct F1, F4, F5
transaction OFG Restricted Units Options Exercise -1,667 -19% 7,184 27 Feb 2023 Common Stock 1,667 Direct F1, F5, F6
transaction OFG Restricted Units Options Exercise -1,583 -22% 5,601 27 Feb 2023 Common Stock 1,583 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 33% of a grant of Restricted Units ("RUs") of February 17, 2021.
F5 The Restricted Units convert to Common Stock on a one-for-one basis.
F6 Awarded pursuant to the Plan. They represent 34% of a grant of Restricted Units ("RUs") of February 18, 2020.
F7 Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 22, 2022.