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: Cabrera Jose E. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-27	Common Stock	M	2500.00	—	Acquired	4266.00	Direct
2023-02-27	Common Stock	M	1167.00	—	Acquired	5433.00	Direct
2023-02-27	Common Stock	M	416.00	—	Acquired	5849.00	Direct
2023-02-27	Common Stock	F	1017.00	$29.42	Disposed	4832.00	Direct
2023-02-27	Common Stock	F	475.00	$29.70	Disposed	4357.00	Direct
2023-02-27	Common Stock	F	170.00	$29.70	Disposed	4187.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-27	Restricted Units	$	M	2500.00	Disposed		Common Stock (2500.00)	Direct
2023-02-27	Restricted Units	$	M	1167.00	Disposed		Common Stock (1167.00)	Direct
2023-02-27	Restricted Units	$	M	416.00	Disposed		Common Stock (416.00)	Direct

Footnotes

F1: Not applicable.

F2: Represents shares of Common Stock withheld against Restricted Units for payment of applicable taxes.

F3: Awarded pursuant to the Plan. They represent 34% of a grant of Restricted Units ("RUs") of February 18, 2020.

F4: The Restricted Units convert to Common Stock on a one-for-one basis.

F5: Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 17, 2021.

F6: Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 22, 2022.