OFG BANCORP — Director's Dealing 2022

Mar 2, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2022-02-28

Reporting Person: Ortiz Cesar A (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-28	Common Stock	S	2523.00	$27.84	Disposed	0.00	Direct
2022-03-01	Common Stock	A	2243.00	—	Acquired	2243.00	Direct
2022-03-01	Common Stock	A	5505.00	—	Acquired	7748.00	Direct
2022-03-01	Common Stock	F	614.00	$27.72	Disposed	7134.00	Direct
2022-03-01	Common Stock	F	299.00	$27.78	Disposed	6835.00	Direct
2022-03-01	Common Stock	F	269.00	$27.89	Disposed	6566.00	Direct
2022-03-01	Common Stock	F	1116.00	$27.89	Disposed	5450.00	Direct
2022-03-01	Common Stock	F	1559.00	$27.89	Disposed	3891.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-01	Restricted Units	$	M	2243.00	Disposed		Common Stock (2243.00)	Direct

Footnotes

F1: Not applicable.

F2: Represent 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: Not applicable.

F4: Represents shares of Common Stock withheld against both Performance Shares and Restricted Units for payment of applicable taxes.

F5: Awarded pursuant to the Plan.

F6: The Restricted Units convert to Common Stock on a one-for-one basis.