Kumar Ganesh - Mar 8, 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
Mar 8, 2024
Transactions value $
$0
Form type
4
Date filed
3/8/2024, 05:27 PM
Previous filing
Feb 28, 2024
Next filing
Mar 21, 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 +5.3K +41.78% 18K Mar 8, 2024 Common Stock 5.3K 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 February 23, 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 33% on the third anniversary of the date of the Award.