Garcia Ada - Mar 19, 2023 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Managing Dir Customer Intelli
Signature
/s/ Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Garcia Ada
Stock symbol
OFG
Transactions as of
Mar 19, 2023
Transactions value $
$0
Form type
4
Date filed
3/21/2023, 07:21 PM
Previous filing
Mar 1, 2023
Next filing
Feb 2, 2024

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 +2.25K +146.68% 3.78K Mar 19, 2023 Common Stock 2.25K 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.