Julian Inclan - 14 May 2024 Form 4 Insider Report for OFG BANCORP (OFG)

Signature
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for INCLAN JULIAN
Issuer symbol
OFG
Transactions as of
14 May 2024
Net transactions value
$0
Form type
4
Filing time
16 May 2024, 16:32:53 UTC
Previous filing
03 May 2024
Next filing
01 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise +1,619 +1.5% 111,486 14 May 2024 Direct F1

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 -1,619 -74% 581 14 May 2024 Common Stock 1,619 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Julian Inclan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Not applicable.
F2 Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. They represent a portion, prorated up to Mr. Inclan's termination date, of a grant of Restricted Units ("RUs") dated February 22, 2022.
F3 The Restricted Units convert to Common Stock on a one-to-one basis.