Velez-Dominguez Rafael A - 18 Jul 2023 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Director
Signature
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Velez-Dominguez Rafael A
Issuer symbol
OFG
Transactions as of
18 Jul 2023
Net transactions value
$0
Form type
4
Filing time
20 Jul 2023, 16:18:44 UTC
Previous filing
05 May 2022
Next filing
22 Mar 2024
SEC
View on sec.gov

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 Award +1,700 +425% 2,100 18 Jul 2023 Common Stock 1,700 Direct F1, F2, F3, F4
* 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 (the "Plan") per grant of April 26, 2023.
F2 Not applicable. The Grantee is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.
F3 Not applicable.
F4 Subject to the provisions of the Plan, the Restricted Period shall lapse in its entirety on the first anniversary of the date of the Award.