OFG BANCORP — Director's Dealing 2022

Mar 10, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2022-03-08

Reporting Person: Kumar Ganesh (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-08	Common Stock	M	2482.00	—	Acquired	116343.00	Direct
2022-03-08	Common Stock	M	3333.00	—	Acquired	119676.00	Direct
2022-03-08	Common Stock	M	6483.00	—	Acquired	126159.00	Direct
2022-03-08	Common Stock	M	42821.00	—	Acquired	168980.00	Direct
2022-03-08	Common Stock	F	1172.00	$27.78	Disposed	167808.00	Direct
2022-03-08	Common Stock	F	2292.00	$27.72	Disposed	165516.00	Direct
2022-03-08	Common Stock	F	878.00	$27.89	Disposed	164638.00	Direct
2022-03-08	Common Stock	F	2581.00	$27.89	Disposed	162057.00	Direct
2022-03-08	Common Stock	F	3768.00	$27.89	Disposed	158289.00	Direct
2022-03-08	Common Stock	F	8790.00	$27.89	Disposed	149499.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-08	Restricted Stock Units	$	M	2482.00	Disposed		Common Stock (2482.00)	Direct
2022-03-08	Restricted Stock Units	$	M	3333.00	Disposed		Common Stock (3333.00)	Direct
2022-03-08	Restricted Stock Units	$	M	6483.00	Disposed		Common Stock (6483.00)	Direct

Footnotes

F1: Not applicable.

F2: Represents shares of Common Stock received upon settlement of performance share unit awards on February 20, 2019, June 27, 2019 and September 22, 2020, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").

F3: Represents shares of Common Stock withheld against both Performance Share Units and Restricted Units for payment of applicable taxes.

F4: Awarded pursuant to the Plan.

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