Jose Rafael Fernandez - 26 Feb 2025 Form 4 Insider Report for OFG BANCORP (OFG)

Role
CEO & Chairperson BOD, Director
Signature
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for FERNANDEZ JOSE RAFAEL
Issuer symbol
OFG
Transactions as of
26 Feb 2025
Net transactions value
-$777,773
Form type
4
Filing time
28 Feb 2025, 16:12:27 UTC
Previous filing
07 Feb 2025
Next filing
11 Mar 2025
SEC
View on sec.gov

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 $777,773 -18,683 -30% $41.63 44,046 26 Feb 2025 Common Stock 18,683 Direct F1, F2
* 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"). They represent 33% of grants of Restricted Units ("RUs") dated February 22, 2022, February 21, 2023, and February 23, 2024. As approved by the Compensation Committee. Mr. Fernandez received a cash payment based on the fair market value of the Issuer's common stock on each vesting date. No shares of common stock were issued.
F2 Not applicable.