Cesar A. Ortiz - 27 Feb 2023 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Director, Corp Performance
Signature
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Ortiz Cesar A
Issuer symbol
OFG
Transactions as of
27 Feb 2023
Net transactions value
-$72,734
Form type
4
Filing time
01 Mar 2023, 20:40:41 UTC
Previous filing
12 Aug 2022
Next filing
31 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 +567 567 27 Feb 2023 Direct F1
transaction OFG Common Stock Options Exercise +1,167 +206% 1,734 27 Feb 2023 Direct F1
transaction OFG Common Stock Options Exercise +483 +28% 2,217 27 Feb 2023 Direct F1
transaction OFG Common Stock Options Exercise +2,550 +115% 4,767 27 Feb 2023 Direct F1, F2
transaction OFG Common Stock Tax liability $8,797 -299 -6.3% $29.42 4,468 27 Feb 2023 Direct F3
transaction OFG Common Stock Tax liability $18,266 -615 -14% $29.70 3,853 27 Feb 2023 Direct F3
transaction OFG Common Stock Tax liability $7,574 -255 -6.6% $29.70 3,598 27 Feb 2023 Direct F3
transaction OFG Common Stock Tax liability $38,099 -1,295 -36% $29.42 2,303 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 -567 -13% 3,784 27 Feb 2023 Common Stock 567 Direct F1, F4, F5
transaction OFG Restricted Units Options Exercise -1,167 -31% 2,617 27 Feb 2023 Common Stock 1,167 Direct F1, F5, F6
transaction OFG Restricted Units Options Exercise -483 -18% 2,134 27 Feb 2023 Common Stock 483 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.