OFG BANCORP — Director's Dealing 2021

Mar 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2021-03-05

Reporting Person: Ortiz Cesar A (Managing Director Corp Perform)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-05	Common Stock	A	3561	—	Acquired	3561	Direct
2021-03-05	Common Stock	F	1349	$19.71	Disposed	2212	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-05	Restricted Units	$	M	3561	Disposed		Common Stock (3561)	Direct

Footnotes

F1: Not applicable.

F2: Represents shares of Common Stock withheld for payment of applicable taxes on lapse of Restricted Unit 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") on February 18, 2020; 33% of a grant of RUs on 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.