OFG BANCORP — Director's Dealing 2023

Mar 1, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Kumar Ganesh (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-27	Common Stock	M	3334.00	—	Acquired	158601.00	Direct
2023-02-27	Common Stock	M	6483.00	—	Acquired	165084.00	Direct
2023-02-27	Common Stock	M	4216.00	—	Acquired	169300.00	Direct
2023-02-27	Common Stock	M	15000.00	—	Acquired	184300.00	Direct
2023-02-27	Common Stock	F	1179.00	$29.42	Disposed	183121.00	Direct
2023-02-27	Common Stock	F	2292.00	$29.70	Disposed	180829.00	Direct
2023-02-27	Common Stock	F	1491.00	$29.70	Disposed	179338.00	Direct
2023-02-27	Common Stock	F	5303.00	$29.42	Disposed	174035.00	Direct
2023-02-27	Common Stock	S	6468.00	$30.0038	Disposed	167567.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-27	Restricted Units	$	M	3334.00	Disposed		Common Stock (3334.00)	Direct
2023-02-27	Restricted Units	$	M	6483.00	Disposed		Common Stock (6483.00)	Direct
2023-02-27	Restricted Units	$	M	4216.00	Disposed		Common Stock (4216.00)	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 Shares Units and Restricted Units for payment of applicable taxes.

F4: Awarded pursuant to the Plan. They represent 34% of a grant of Restricted Units ("RUs") of February 18, 2020.

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 17, 2021.

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