Ganesh Kumar - 08 Mar 2022 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Operating Officer
Signature
/s/ Ganesh Kumar
Issuer symbol
OFG
Transactions as of
08 Mar 2022
Net transactions value
-$542,807
Form type
4
Filing time
10 Mar 2022, 14:13:25 UTC
Previous filing
25 Feb 2022
Next filing
07 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 Options Exercise +2,482 +2.2% 116,343 08 Mar 2022 Direct F1
transaction OFG Common Stock Options Exercise +3,333 +2.9% 119,676 08 Mar 2022 Direct F1
transaction OFG Common Stock Options Exercise +6,483 +5.4% 126,159 08 Mar 2022 Direct F1
transaction OFG Common Stock Options Exercise +42,821 +34% 168,980 08 Mar 2022 Direct F1, F2
transaction OFG Common Stock Tax liability $32,558 -1,172 -0.69% $27.78 167,808 08 Mar 2022 Direct F3
transaction OFG Common Stock Tax liability $63,534 -2,292 -1.4% $27.72 165,516 08 Mar 2022 Direct F3
transaction OFG Common Stock Tax liability $24,487 -878 -0.53% $27.89 164,638 08 Mar 2022 Direct F3
transaction OFG Common Stock Tax liability $71,984 -2,581 -1.6% $27.89 162,057 08 Mar 2022 Direct F3
transaction OFG Common Stock Tax liability $105,090 -3,768 -2.3% $27.89 158,289 08 Mar 2022 Direct F3
transaction OFG Common Stock Tax liability $245,153 -8,790 -5.6% $27.89 149,499 08 Mar 2022 Direct F3

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 Stock Units Options Exercise -2,482 -8.2% 27,817 08 Mar 2022 Common Stock 2,482 Direct F1, F4, F5
transaction OFG Restricted Stock Units Options Exercise -3,333 -12% 24,484 08 Mar 2022 Common Stock 3,333 Direct F1, F4, F5
transaction OFG Restricted Stock Units Options Exercise -6,483 -26% 18,001 08 Mar 2022 Common Stock 6,483 Direct F1, F4, F5
* 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 received upon settlement of performance share unit awards on February 20, 2019, June 27, 2019 and September 22, 2020, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").
F3 Represents shares of Common Stock withheld against both Performance Share Units and Restricted Units for payment of applicable taxes.
F4 Awarded pursuant to the Plan.
F5 The Restricted Units convert to Common Stock on a one-for-one basis.