OFG BANCORP — Director's Dealing 2022

Mar 14, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2022-03-10

Reporting Person: FERNANDEZ JOSE RAFAEL (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-10	Common Stock	M	7148.00	—	Acquired	314416.688	Direct
2022-03-10	Common Stock	M	5916.00	—	Acquired	320332.688	Direct
2022-03-10	Common Stock	M	9616.00	—	Acquired	329948.688	Direct
2022-03-10	Common Stock	M	56013.00	—	Acquired	385961.688	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-10	Restricted Units	$	M	9616.00	Disposed		Common Stock (9616.00)	Direct
2022-03-10	Restricted Units	$	M	7148.00	Disposed		Common Stock (7148.00)	Direct
2022-03-10	Restricted Units	$	M	5916.00	Disposed		Common Stock (5916.00)	Direct

Footnotes

F1: Not applicable.

F2: Represents shares of Common Stock received upon settlement of two (2) Performance Share Unit awards on February 20, 2019 and September 22, 2020, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").

F3: In addition to the reporting person's direct beneficial ownership of 385,961.688 OFG shares, he also indirectly owns 45,152 OFG shares of Common Stock through a Non-Qualified Deferred Compensation Trust.

F4: Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 17, 2021.

F5: The Restricted Units convert to Common Stock on a one-for-one basis.

F6: Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 18, 2020.

F7: Awarded pursuant to the Plan. They represent 34% of a grant of Restricted Units ("RUs") of February 20, 2019.