OFG BANCORP — Director's Dealing 2021

Mar 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2021-03-09

Reporting Person: Arizmendi Maritza (EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-09	Common Stock	A	13419	—	Acquired	27838	Direct
2021-03-10	Common Stock	F	3781	$21.55	Disposed	24057	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-09	Restricted Units	$	M	13419	Disposed		Common Stock (13419)	Direct

Footnotes

F1: Not applicable.

F2: Represents shares of Common Stock withheld for payment of applicable taxes on lapse of Restricted Units award.

F3: Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 20, 2019 and 100% of a grant of RUs on February 27, 2018.

F4: The Restricted Units Convert to Common Stock on a one-for-one basis.