Velez-Dominguez Rafael A - 01 May 2024 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
01 May 2024
Net transactions value
-$6,171
Form type
4
Filing time
03 May 2024, 17:02:07 UTC
Previous filing
22 Mar 2024
Next filing
14 Mar 2025
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 +1,700 +23% 8,975 01 May 2024 Direct F1
transaction OFG Common Stock Tax liability $6,171 -170 -1.9% $36.30 8,805 01 May 2024 Direct F2

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 -1,700 -50% 1,700 01 May 2024 Common Stock 1,700 Direct F1, F3, F4
* 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 withheld against Restricted Units for payment of applicable taxes.
F3 Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. They represent 100% of a grant of Restricted Units ("RUs") of April 26, 2023.
F4 The Restricted Units convert to Common Stock on a one-for-one basis.