Maritza Arizmendi - Mar 7, 2025 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Financial Officer
Signature
/s/ Maritza Arizmendi
Stock symbol
OFG
Transactions as of
Mar 7, 2025
Transactions value $
-$59,406
Form type
4
Date filed
3/11/2025, 04:10 PM
Previous filing
Feb 13, 2025
Next filing
Apr 9, 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 +4.7K +7.21% 69.9K Mar 7, 2025 Direct F1
transaction OFG Common Stock Tax liability -$59.4K -1.43K -2.04% $41.63 68.5K 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 -4.7K -50.9% 4.53K Mar 7, 2025 Common Stock 4.7K 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 (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-for-one basis.