FERNANDEZ JOSE RAFAEL - 23 Jan 2024 Form 4 Insider Report for OFG BANCORP (OFG)

Signature
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for FERNANDEZ JOSE RAFAEL
Issuer symbol
OFG
Transactions as of
23 Jan 2024
Transactions value $
-$826,644
Form type
4
Filing time
25 Jan 2024, 16:21:31 UTC
Previous filing
12 Jan 2024
Next filing
28 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Options Exercise +43.3K +11.45% 421K 23 Jan 2024 Direct F1, F2
transaction OFG Common Stock Tax liability -$827K -22.7K -5.38% $36.49 399K 23 Jan 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represent shares of Common Stock received upon settlement of a performance share unit award on February 17, 2021, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").
F2 Not applicable.
F3 Represent shares of Common Stock withheld against Performance Share Units for payment of applicable taxes.