Ortiz Cesar A - Mar 15, 2024 Form 4 Insider Report for OFG BANCORP (OFG)

Role: Chief Risk Officer
Signature: /s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Ortiz Cesar A
Stock symbol: OFG
Transactions as of: Mar 15, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/15/2024, 05:37 PM
Previous filing: Feb 28, 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		+2.15K	+108.37%		4.13K	Mar 15, 2024	Common Stock	2.15K		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.