Velez-Dominguez Rafael A - May 1, 2024 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Director
Signature
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Velez-Dominguez Rafael A
Stock symbol
OFG
Transactions as of
May 1, 2024
Transactions value $
-$6,171
Form type
4
Date filed
5/3/2024, 05:02 PM
Previous filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise +1.7K +23.37% 8.98K May 1, 2024 Direct F1
transaction OFG Common Stock Tax liability -$6.17K -170 -1.89% $36.30 8.81K May 1, 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 -1.7K -50% 1.7K May 1, 2024 Common Stock 1.7K Direct F1, F3, F4
* 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. They represent 100% of a grant of Restricted Units ("RUs") of April 26, 2023.
F4 The Restricted Units convert to Common Stock on a one-for-one basis.