Fernandez Jose Rafael - Feb 26, 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
Feb 26, 2024
Transactions value $
-$225,341
Form type
4
Date filed
2/28/2024, 05:09 PM
Previous filing
Jan 25, 2024
Next filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise +9.62K +2.41% 408K Feb 26, 2024 Direct F1
transaction OFG Common Stock Options Exercise +6.75K +1.65% 415K Feb 26, 2024 Direct F1
transaction OFG Common Stock Options Exercise +6.78K +1.63% 422K Feb 26, 2024 Direct F1
transaction OFG Common Stock Tax liability -$93.5K -2.63K -0.62% $35.55 419K Feb 26, 2024 Direct F2
transaction OFG Common Stock Tax liability -$65.5K -1.85K -0.44% $35.48 417K Feb 26, 2024 Direct F2
transaction OFG Common Stock Tax liability -$66.3K -1.86K -0.44% $35.71 415K Feb 26, 2024 Direct F2

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 -9.62K -11.46% 74.3K Feb 26, 2024 Common Stock 9.62K Direct F1, F3, F4
transaction OFG Restricted Units Options Exercise -6.75K -9.09% 67.5K Feb 26, 2024 Common Stock 6.75K Direct F1, F4, F5
transaction OFG Restricted Units Options Exercise -6.78K -10.04% 60.8K Feb 26, 2024 Common Stock 6.78K Direct F1, F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Not applicable.
F2 Represents shares of Common Stock withheld against Restricted Units for payment of applicable taxes.
F3 Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan"). They represent 34% of a grant of Restricted Units ("RUs") of February 17, 2021.
F4 The Restricted Units convert to Common Stock on a one-for-one basis.
F5 Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 22, 2022.
F6 Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 21, 2023.