Fernandez Jose Rafael - Feb 26, 2025 Form 4 Insider Report for OFG BANCORP (OFG)

Role
CEO & Chairperson BOD, Director
Signature
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for FERNANDEZ JOSE RAFAEL
Stock symbol
OFG
Transactions as of
Feb 26, 2025
Transactions value $
-$777,773
Form type
4
Date filed
2/28/2025, 04:12 PM
Previous filing
Feb 7, 2025
Next filing
Mar 11, 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 Options Exercise -$778K -18.7K -29.78% $41.63 44K Feb 26, 2025 Common Stock 18.7K Direct F1, F2
* 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"). They represent 33% of grants of Restricted Units ("RUs") dated February 22, 2022, February 21, 2023, and February 23, 2024. As approved by the Compensation Committee. Mr. Fernandez received a cash payment based on the fair market value of the Issuer's common stock on each vesting date. No shares of common stock were issued.
F2 Not applicable.