OFG BANCORP — Director's Dealing 2023

Mar 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2023-02-27

Reporting Person: Arizmendi Maritza (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-27	Common Stock	M	1667.00	—	Acquired	41202.00	Direct
2023-02-27	Common Stock	M	2433.00	—	Acquired	43635.00	Direct
2023-02-27	Common Stock	M	1583.00	—	Acquired	45218.00	Direct
2023-02-27	Common Stock	M	7500.00	—	Acquired	52718.00	Direct
2023-02-27	Common Stock	F	506.00	$29.42	Disposed	52212.00	Direct
2023-02-27	Common Stock	F	739.00	$29.70	Disposed	51473.00	Direct
2023-02-27	Common Stock	F	481.00	$29.70	Disposed	50992.00	Direct
2023-02-27	Common Stock	F	2277.00	$29.42	Disposed	48715.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-27	Restricted Units	$	M	2433.00	Disposed		Common Stock (2433.00)	Direct
2023-02-27	Restricted Units	$	M	1667.00	Disposed		Common Stock (1667.00)	Direct
2023-02-27	Restricted Units	$	M	1583.00	Disposed		Common Stock (1583.00)	Direct

Footnotes

F1: Not applicable.

F2: Represent shares of Common Stock received upon settlement of a performance share unit award on February 18, 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. 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 34% of a grant of Restricted Units ("RUs") of February 18, 2020.

F7: Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 22, 2022.