Garcia Ada - 25 Jan 2023 Form 3 Insider Report for OFG BANCORP (OFG)

Role
Managing Dir Customer Intelli
Signature
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Garcia Ada
Issuer symbol
OFG
Transactions as of
25 Jan 2023
Net transactions value
$0
Form type
3
Filing time
03 Feb 2023, 16:34:13 UTC
Next filing
01 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding OFG Common Stock 25,270 25 Jan 2023 Direct

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
holding OFG Restricted Units 25 Jan 2023 Common Stock 567 Direct F1, F2, F3
holding OFG Restricted Units 25 Jan 2023 Common Stock 1,134 Direct F1, F2, F4
holding OFG Restricted Units 25 Jan 2023 Common Stock 1,450 Direct F1, F2, F5
* 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").
F2 Not applicable. The reporting person 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 of the 1,700 Restricted Units originally awarded on February 18, 2020, lapses in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary date of the Award.
F4 Subject to the provisions of the Plan, the Restricted Period of the 1,700 Restricted Units originally awarded on February 17, 2021, lapses in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary date of the Award.
F5 Subject to the provisions of the Plan, the Restricted Period of the 1,450 Restricted Units originally awarded on February 22, 2022, lapses in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary date of the Award.