Ganesh Kumar - 27 Feb 2023 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Operating Officer
Signature
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Kumar Ganesh
Issuer symbol
OFG
Transactions as of
27 Feb 2023
Net transactions value
-$497,120
Form type
4
Filing time
01 Mar 2023, 16:49:47 UTC
Previous filing
24 Feb 2023
Next filing
21 Mar 2023
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 +3,334 +2.1% 158,601 27 Feb 2023 Direct F1
transaction OFG Common Stock Options Exercise +6,483 +4.1% 165,084 27 Feb 2023 Direct F1
transaction OFG Common Stock Options Exercise +4,216 +2.6% 169,300 27 Feb 2023 Direct F1
transaction OFG Common Stock Options Exercise +15,000 +8.9% 184,300 27 Feb 2023 Direct F1, F2
transaction OFG Common Stock Tax liability $34,686 -1,179 -0.64% $29.42 183,121 27 Feb 2023 Direct F3
transaction OFG Common Stock Tax liability $68,072 -2,292 -1.3% $29.70 180,829 27 Feb 2023 Direct F3
transaction OFG Common Stock Tax liability $44,283 -1,491 -0.82% $29.70 179,338 27 Feb 2023 Direct F3
transaction OFG Common Stock Tax liability $156,014 -5,303 -3% $29.42 174,035 27 Feb 2023 Direct F3
transaction OFG Common Stock Sale $194,065 -6,468 -3.7% $30.00 167,567 27 Feb 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
transaction OFG Restricted Units Options Exercise -3,334 -12% 25,617 27 Feb 2023 Common Stock 3,334 Direct F1, F4, F5
transaction OFG Restricted Units Options Exercise -6,483 -25% 19,134 27 Feb 2023 Common Stock 6,483 Direct F1, F5, F6
transaction OFG Restricted Units Options Exercise -4,216 -22% 14,918 27 Feb 2023 Common Stock 4,216 Direct F1, F5, F7
* 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 a performance share unit award on February 18, 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 Shares Units and Restricted Units for payment of applicable taxes.
F4 Awarded pursuant to the Plan. They represent 34% of a grant of Restricted Units ("RUs") of February 18, 2020.
F5 The Restricted Units convert to Common Stock on a one-for-one basis.
F6 Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 17, 2021.
F7 Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 22, 2022.