Ganesh Kumar - 26 Feb 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
Issuer symbol
OFG
Transactions as of
26 Feb 2024
Net transactions value
-$187,875
Form type
4
Filing time
28 Feb 2024, 17:30:38 UTC
Previous filing
02 Feb 2024
Next filing
08 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise +6,484 +4.5% 150,404 26 Feb 2024 Direct F1
transaction OFG Common Stock Options Exercise +4,217 +2.8% 154,621 26 Feb 2024 Direct F1
transaction OFG Common Stock Options Exercise +4,233 +2.7% 158,854 26 Feb 2024 Direct F1
transaction OFG Common Stock Tax liability $81,516 -2,293 -1.4% $35.55 156,561 26 Feb 2024 Direct F2
transaction OFG Common Stock Tax liability $52,901 -1,491 -0.95% $35.48 155,070 26 Feb 2024 Direct F2
transaction OFG Common Stock Tax liability $53,458 -1,497 -0.97% $35.71 153,573 26 Feb 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 -6,484 -23% 21,134 26 Feb 2024 Common Stock 6,484 Direct F1, F3, F4
transaction OFG Restricted Units Options Exercise -4,217 -20% 16,917 26 Feb 2024 Common Stock 4,217 Direct F1, F4, F5
transaction OFG Restricted Units Options Exercise -4,233 -25% 12,684 26 Feb 2024 Common Stock 4,233 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.