Hugh Gonzalez - 05 Mar 2025 Form 4 Insider Report for OFG BANCORP (OFG)

Role
General Counsel
Signature
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Gonzalez Hugh
Issuer symbol
OFG
Transactions as of
05 Mar 2025
Net transactions value
-$22,522
Form type
4
Filing time
07 Mar 2025, 16:53:00 UTC
Previous filing
13 Feb 2025
Next filing
14 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise +1,716 +14% 14,237 05 Mar 2025 Direct F1
transaction OFG Common Stock Tax liability $22,522 -541 -3.8% $41.63 13,696 05 Mar 2025 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 -1,716 -46% 1,984 05 Mar 2025 Common Stock 1,716 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 (the "Plan"). They represent 33% of grants of Restricted Units ("RUs") dated February 22, 2022, February 21, 2023, and February 23, 2024.
F4 The Restricted Units convert to Common Stock on a one-to-one basis.