Ganesh Kumar - 28 Jul 2021 Form 4 Insider Report for OFG BANCORP (OFG)

Role
SEVP & COO
Signature
/s/ Ganesh Kumar
Issuer symbol
OFG
Transactions as of
28 Jul 2021
Net transactions value
-$12,967
Form type
4
Filing time
30 Jul 2021, 10:01:27 UTC
Next filing
25 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Award +1,650 +1.9% 89,252 28 Jul 2021 Direct F1, F2
transaction OFG Common Stock Tax liability $12,967 -591 -0.66% $21.94 88,661 28 Jul 2021 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OFG Restricted Units Options Exercise -1,650 -5.2% 30,299 28 Jul 2021 Common Stock 1,650 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represent shares of Common Stock received upon settlement of a performance share unit award on June 27, 2019, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").
F2 Not applicable.
F3 Represent shares of Common Stock withheld against Restricted Units for payment of applicable taxes.
F4 Awarded pursuant to the Plan.
F5 The Restricted Units convert to Common Stock on a one-for-one basis.