Ortiz Cesar A - Feb 27, 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
Stock symbol
OFG
Transactions as of
Feb 27, 2023
Transactions value $
-$72,734
Form type
4
Date filed
3/1/2023, 08:40 PM
Previous filing
Aug 12, 2022
Next filing
Mar 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise +567 567 Feb 27, 2023 Direct F1
transaction OFG Common Stock Options Exercise +1.17K +205.82% 1.73K Feb 27, 2023 Direct F1
transaction OFG Common Stock Options Exercise +483 +27.85% 2.22K Feb 27, 2023 Direct F1
transaction OFG Common Stock Options Exercise +2.55K +115.02% 4.77K Feb 27, 2023 Direct F1, F2
transaction OFG Common Stock Tax liability -$8.8K -299 -6.27% $29.42 4.47K Feb 27, 2023 Direct F3
transaction OFG Common Stock Tax liability -$18.3K -615 -13.76% $29.70 3.85K Feb 27, 2023 Direct F3
transaction OFG Common Stock Tax liability -$7.57K -255 -6.62% $29.70 3.6K Feb 27, 2023 Direct F3
transaction OFG Common Stock Tax liability -$38.1K -1.3K -35.99% $29.42 2.3K Feb 27, 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 -13.03% 3.78K Feb 27, 2023 Common Stock 567 Direct F1, F4, F5
transaction OFG Restricted Units Options Exercise -1.17K -30.84% 2.62K Feb 27, 2023 Common Stock 1.17K Direct F1, F5, F6
transaction OFG Restricted Units Options Exercise -483 -18.46% 2.13K Feb 27, 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.