Jose E. Cabrera - 08 Mar 2022 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Risk & Compliance Office
Signature
/s/ Jose E. Cabrera Lazaro
Issuer symbol
OFG
Transactions as of
08 Mar 2022
Net transactions value
-$44,808
Form type
4
Filing time
10 Mar 2022, 17:42:29 UTC
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 Options Exercise +1,166 1,166 08 Mar 2022 Direct F1
transaction OFG Common Stock Options Exercise +2,210 +190% 3,376 08 Mar 2022 Direct F1, F2
transaction OFG Common Stock Tax liability $15,412 -556 -16% $27.72 2,820 08 Mar 2022 Direct F3
transaction OFG Common Stock Tax liability $29,396 -1,054 -37% $27.89 1,766 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 Units Options Exercise -1,166 -19% 4,834 08 Mar 2022 Common Stock 1,166 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 a performance share unit award on 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.