Fernandez Jose Rafael - Jan 7, 2025 Form 4 Insider Report for OFG BANCORP (OFG)

Role
CEO & Chairperson BOD, Director
Signature
/s/ Hugh Gonzalez, Attorney-in-Fact for FERNANDEZ JOSE RAFAEL
Stock symbol
OFG
Transactions as of
Jan 7, 2025
Transactions value $
-$560,768
Form type
4
Date filed
1/10/2025, 03:41 PM
Previous filing
Dec 6, 2024
Next filing
Feb 7, 2025
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 Conversion of derivative security -$370K -8.9K -11.68% $41.60 67.3K Jan 7, 2025 Common Stock 8.9K $41.60 Direct F1, F2
transaction OFG Restricted Units Tax liability -$191K -4.58K -6.8% $41.60 62.7K Jan 7, 2025 Common Stock 4.58K $41.60 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As approved by the Compensation Committee, this represents the settlement in cash of a restricted unit award at the lapse of the restricted period, net of the tax withholding.
F2 Not applicable.
F3 Represents shares of Restricted Units withheld for payment of applicable taxes.