Kumar Ganesh - Feb 26, 2024 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Strategy Officer, US
Signature
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Kumar Ganesh
Stock symbol
OFG
Transactions as of
Feb 26, 2024
Transactions value $
-$187,875
Form type
4
Date filed
2/28/2024, 05:30 PM
Previous filing
Feb 2, 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 +6.48K +4.51% 150K Feb 26, 2024 Direct F1
transaction OFG Common Stock Options Exercise +4.22K +2.8% 155K Feb 26, 2024 Direct F1
transaction OFG Common Stock Options Exercise +4.23K +2.74% 159K Feb 26, 2024 Direct F1
transaction OFG Common Stock Tax liability -$81.5K -2.29K -1.44% $35.55 157K Feb 26, 2024 Direct F2
transaction OFG Common Stock Tax liability -$52.9K -1.49K -0.95% $35.48 155K Feb 26, 2024 Direct F2
transaction OFG Common Stock Tax liability -$53.5K -1.5K -0.97% $35.71 154K 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 -6.48K -23.48% 21.1K Feb 26, 2024 Common Stock 6.48K Direct F1, F3, F4
transaction OFG Restricted Units Options Exercise -4.22K -19.95% 16.9K Feb 26, 2024 Common Stock 4.22K Direct F1, F4, F5
transaction OFG Restricted Units Options Exercise -4.23K -25.02% 12.7K Feb 26, 2024 Common Stock 4.23K 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 of February 22, 2022.
F6 Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units of February 21, 2023.