Maritza Arizmendi - Nov 17, 2023 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Financial Officer
Signature
/s/ Maritza Arizmendi
Stock symbol
OFG
Transactions as of
Nov 17, 2023
Transactions value $
-$204,630
Form type
4
Date filed
11/21/2023, 04:07 PM
Previous filing
Apr 6, 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 Options Exercise $96.6K +6K +12.32% $16.10 54.7K Nov 17, 2023 Direct
transaction OFG Common Stock Tax liability -$96.6K -2.9K -5.31% $33.26 51.8K Nov 17, 2023 Direct F1
transaction OFG Common Stock Options Exercise $105K +6K +11.58% $17.44 57.8K Nov 17, 2023 Direct
transaction OFG Common Stock Tax liability -$105K -3.15K -5.44% $33.26 54.7K Nov 17, 2023 Direct F1
transaction OFG Common Stock Sale -$205K -6.13K -11.21% $33.39 48.5K Nov 20, 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 Options Options Exercise -6K -50% 6K Nov 17, 2023 Common Stock 6K $17.44 Direct F2, F3
transaction OFG Qualified Stock Options Options Exercise -6K -100% 0 Nov 17, 2023 Common Stock 6K $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. The options represented a right to buy.
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.