Haggarty Patrick J. - Mar 7, 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.
Stock symbol: OFG
Transactions as of: Mar 7, 2025
Transactions value $: -$19,067
Form type: 4
Date filed: 3/10/2025, 04:02 PM
Previous filing: Feb 13, 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		+1.95K	+7.85%		26.8K	Mar 7, 2025	Direct	F1
transaction	OFG	Common Stock	Tax liability	-$19.1K	-458	-1.71%	$41.63	26.3K	Mar 7, 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		-1.95K	-47.17%		2.18K	Mar 7, 2025	Common Stock	1.95K		Direct	F1, F3, F4
transaction	OFG	Restricted Units	Award		+1.98K	+90.66%		4.16K	Mar 7, 2025	Common Stock	1.98K		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.