Patrick J. Haggarty - 07 Mar 2025 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Managing Director Comm. Bankin
Signature
/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Haggarty Patrick J.
Issuer symbol
OFG
Transactions as of
07 Mar 2025
Net transactions value
-$19,067
Form type
4
Filing time
10 Mar 2025, 16:02:54 UTC
Previous filing
13 Feb 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 +1,950 +7.9% 26,789 07 Mar 2025 Direct F1
transaction OFG Common Stock Tax liability $19,067 -458 -1.7% $41.63 26,331 07 Mar 2025 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 -1,950 -47% 2,184 07 Mar 2025 Common Stock 1,950 Direct F1, F3, F4
transaction OFG Restricted Units Award +1,980 +91% 4,164 07 Mar 2025 Common Stock 1,980 Direct F1, F5, F6, F7
* 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 (the "Plan"). They represent 33% of grants of Restricted Units ("RUs") dated February 22, 2022, February 21, 2023, and February 23, 2024.
F4 The Restricted Units convert to Common Stock on a one-to-one basis.
F5 Awarded pursuant to the Plan per grant of February 20, 2025.
F6 Not applicable. The Grantee is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.
F7 Subject to the provisions of the Plan, the Restricted Period shall lapse in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 33% on the third anniversary of the date of the Award.