OFG BANCORP — Director's Dealing 2024

Feb 28, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2024-02-26

Reporting Person: Kumar Ganesh (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-26	Common Stock	M	6484.00	—	Acquired	150404.00	Direct
2024-02-26	Common Stock	M	4217.00	—	Acquired	154621.00	Direct
2024-02-26	Common Stock	M	4233.00	—	Acquired	158854.00	Direct
2024-02-26	Common Stock	F	2293.00	$35.55	Disposed	156561.00	Direct
2024-02-26	Common Stock	F	1491.00	$35.48	Disposed	155070.00	Direct
2024-02-26	Common Stock	F	1497.00	$35.71	Disposed	153573.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-02-26	Restricted Units	$	M	6484.00	Disposed		Common Stock (6484.00)	Direct
2024-02-26	Restricted Units	$	M	4217.00	Disposed		Common Stock (4217.00)	Direct
2024-02-26	Restricted Units	$	M	4233.00	Disposed		Common Stock (4233.00)	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 OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan"). They represent 34% of a grant of Restricted Units ("RUs") of February 17, 2021

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 of February 22, 2022.

F6: Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units of February 21, 2023.