Fernandez Jose Rafael - Jan 5, 2024 Form 4 Insider Report for OFG BANCORP (OFG)

Role: CEO & Vice Chairperson BOD, Director
Signature: /s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for FERNANDEZ JOSE RAFAEL
Stock symbol: OFG
Transactions as of: Jan 5, 2024
Transactions value $: $0
Form type: 4
Date filed: 1/5/2024, 05:55 PM
Previous filing: Aug 8, 2023
Next filing: Jan 12, 2024

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	Award		+40.4K	+93.04%		83.9K	Jan 5, 2024	Common Stock	40.4K		Direct	F1, F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan") per grant of January 1, 2024.
F2	Not applicable. The Grantee is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.
F3	Not applicable.
F4	Subject to the provisions of the Plan, the Restricted Period shall lapse in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary and 34% on the third anniversary of the date of the Award.