Ortiz Cesar A - 28 Feb 2022 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Director, Corp Performance
Signature
/s/ Cesar A. Ortiz
Issuer symbol
OFG
Transactions as of
28 Feb 2022
Transactions value $
-$177,675
Form type
4
Filing time
02 Mar 2022, 16:33:32 UTC
Previous filing
28 Jan 2022
Next filing
06 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Sale -$70.2K -2.52K -100% $27.84 0 28 Feb 2022 Direct
transaction OFG Common Stock Award +2.24K 2.24K 01 Mar 2022 Direct F1
transaction OFG Common Stock Award +5.51K +245.43% 7.75K 01 Mar 2022 Direct F2, F3
transaction OFG Common Stock Tax liability -$17K -614 -7.92% $27.72 7.13K 01 Mar 2022 Direct F4
transaction OFG Common Stock Tax liability -$8.31K -299 -4.19% $27.78 6.84K 01 Mar 2022 Direct F4
transaction OFG Common Stock Tax liability -$7.5K -269 -3.94% $27.89 6.57K 01 Mar 2022 Direct F4
transaction OFG Common Stock Tax liability -$31.1K -1.12K -17% $27.89 5.45K 01 Mar 2022 Direct F4
transaction OFG Common Stock Tax liability -$43.5K -1.56K -28.61% $27.89 3.89K 01 Mar 2022 Direct F4

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 -2.24K -43.6% 2.9K 01 Mar 2022 Common Stock 2.24K Direct F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Not applicable.
F2 Represent shares of Common Stock received upon settlement of two (2) performance share unit awards on February 20, 2019 and September 22, 2020, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").
F3 Not applicable.
F4 Represents shares of Common Stock withheld against both Performance Shares and Restricted Units for payment of applicable taxes.
F5 Awarded pursuant to the Plan.
F6 The Restricted Units convert to Common Stock on a one-for-one basis.