Fernandez Jose Rafael - Jul 24, 2023 Form 4 Insider Report for OFG BANCORP (OFG)

Role
CEO & Vice Chairperson BOD, Director
Signature
/s/ Hugh Gonzalez, Attorney-in-Fact for FERNANDEZ JOSE RAFAEL
Stock symbol
OFG
Transactions as of
Jul 24, 2023
Transactions value $
-$252,136
Form type
4
Date filed
7/26/2023, 05:09 PM
Previous filing
Jun 9, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise $807K +46.3K +10.55% $17.44 485K Jul 24, 2023 Direct
transaction OFG Common Stock Tax liability -$807K -24K -4.94% $33.65 461K Jul 24, 2023 Direct F1
transaction OFG Common Stock Sale -$252K -7.47K -100% $33.75 0 Jul 25, 2023 by Defined Contribution Plan (401k)
transaction OFG Common Stock Gift $0 -2.95K -0.64% $0.00 458K Jul 26, 2023 Direct

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 Qualified Stock Option Options Exercise -46.3K -100% 0 Jul 24, 2023 Common Stock 46.3K $17.44 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options.
F2 The executive is exercising a derivative security.
F3 The Award became exercisable at the rate of 25% per year commencing on February 24, 2017.