Cabrera Jose E. - Mar 20, 2023 Form 4 Insider Report for OFG BANCORP (OFG)

Role: Chief Risk & Compliance Office
Signature: /s/ Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Cabrera Jose E.
Stock symbol: OFG
Transactions as of: Mar 20, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/21/2023, 08:52 PM
Previous filing: Mar 1, 2023

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		+1.25K	+62.47%		3.25K	Mar 20, 2023	Common Stock	1.25K		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 ("Plan") per grant of February 21, 2023.
F2	Not applicable. The Grantee is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.
F3	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 34% on the third anniversary of the date of the Award.
F4	Not applicable.