Gonzalez Hugh - Jul 25, 2023 Form 4 Insider Report for OFG BANCORP (OFG)

Role
General Counsel
Signature
Hugh Gonzalez
Stock symbol
OFG
Transactions as of
Jul 25, 2023
Transactions value $
$14
Form type
4
Date filed
7/26/2023, 05:14 PM
Previous filing
Mar 28, 2023
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Tax liability -$46.9K -1.39K -17.06% $33.82 6.75K Jul 25, 2023 Direct F1
transaction OFG Common Stock Options Exercise $24.4K +1.4K +20.74% $17.44 8.15K Jul 25, 2023 Direct
transaction OFG Common Stock Options Exercise $22.5K +1.4K +17.18% $16.10 9.55K Jul 25, 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 -1.4K -50% 1.4K Jul 25, 2023 Common Stock 1.4K $17.44 Direct F2, F3
transaction OFG Qualified Stock Option Options Exercise -1.4K -100% 0 Jul 25, 2023 Common Stock 1.4K $16.10 Direct F2, F4
* 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.
F4 The Award became exercisable at the rate of 25% per year commencing on February 27, 2016.