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OFG BANCORP — Director's Dealing 2023
Mar 1, 2023
31700_dirs_2023-03-01_bf7fcda9-d6c0-48cc-98fd-23a804610a76.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2023-02-27
Reporting Person: FERNANDEZ JOSE RAFAEL (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-27 | Common Stock | M | 7149.00 | — | Acquired | 402363.688 | Direct |
| 2023-02-27 | Common Stock | M | 9617.00 | — | Acquired | 411980.688 | Direct |
| 2023-02-27 | Common Stock | M | 6750.00 | — | Acquired | 418730.688 | Direct |
| 2023-02-27 | Common Stock | M | 32168.00 | — | Acquired | 450898.688 | Direct |
| 2023-02-27 | Common Stock | F | 3743.00 | $29.42 | Disposed | 447155.688 | Direct |
| 2023-02-27 | Common Stock | F | 5018.00 | $29.70 | Disposed | 442137.688 | Direct |
| 2023-02-27 | Common Stock | F | 3534.00 | $29.70 | Disposed | 438603.688 | Direct |
| 2023-03-27 | Common Stock | F | 16840.00 | $29.42 | Disposed | 421763.688 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-27 | Restricted Units | $ | M | 7149.00 | Disposed | Common Stock (7149.00) | Direct | |
| 2023-02-27 | Restricted Units | $ | M | 9617.00 | Disposed | Common Stock (9617.00) | Direct | |
| 2023-02-27 | Restricted Units | $ | M | 6750.00 | Disposed | Common Stock (6750.00) | Direct |
Footnotes
F1: Not applicable.
F2: Represent shares of Common Stock received upon settlement of a performance share unit award on February18, 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: In addition to the reporting person's direct beneficial ownership of 421,763.688 OFG shares, he also indirectly owns 20,152 OFG shares through a Non-Qualified Deferred Compensation Trust.
F5: Awarded pursuant to the Plan. They represent 34% of a grant of Restricted Units ("RUs") of February 18, 2020.
F6: The Restricted Units convert to Common Stock on a one-for-one basis.
F7: Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 17, 2021.
F8: Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 22, 2022.