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OFG BANCORP — Director's Dealing 2023
Feb 3, 2023
31700_dirs_2023-02-03_6721927b-6f9f-45da-913a-c9dee7d78d71.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2023-01-25
Reporting Person: Gonzalez Hugh (N/A)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 6670.00 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Qualified Stock Options | $17.44 | 2025-02-24 | Common Stock (1400.00) | Direct | |
| Qualified Stock Options | $16.10 | 2024-02-27 | Common Stock (1400.00) | Direct | |
| Restricted Units | $ | Common Stock (317.00) | Direct | ||
| Restricted Units | $ | Common Stock (667.00) | Direct | ||
| Restricted Units | $ | Common Stock (1200.00) | Direct |
Footnotes
F1: Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan"). These options represent a right to buy the underlying securities.
F2: These Qualified Stock Options are fully exercisable.
F3: Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.
F4: Not applicable. The reporting person is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.
F5: Subject to the provisions of the Plan, the Restricted Period of the 950 Restricted Units originally awarded on February 18, 2020, lapses in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary date of the Award.
F6: Subject to the provisions of the Plan, the Restricted Period of the 1,000 Restricted Units originally awarded on February 17, 2021, lapses in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary date of the Award.
F7: Subject to the provisions of the Plan, the Restricted Period of the 1,200 Restricted Units originally awarded on February 22, 2022, lapses in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary date of the Award.