OFG Bancorp (OFG) officer exercises performance units, withholds 1,264 shares for taxes

Rhea-AI Filing Summary

OFG Bancorp officer Garcia Ada reported exercising performance share units into 3,375 shares of common stock on February 9, 2026. These shares were received upon settlement of a performance share unit award granted under the company’s omnibus performance incentive plan.

On the same date, 1,264 shares were disposed of at $41.26 per share to cover applicable taxes related to the performance share units. After these transactions, Garcia Ada directly beneficially owned 35,893 shares of OFG Bancorp common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Garcia Ada

Role Managing Dir Customer Intelli

Type	Security	Shares	Price	Value
Exercise	Common Stock	3,375	$0.00	--
Tax Withholding	Common Stock	1,264	$41.26	$52K

Holdings After Transaction: Common Stock — 37,157 shares (Direct)

Footnotes (1)

1. Represent shares of Common Stock received upon settlement of a performance share unit award on February 21, 2023, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan"). Not applicable. Represents shares of Common Stock withheld against Performance Share Units for payment of applicable taxes.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Garcia Ada

(Last) (First) (Middle)

P.O. BOX 195115

(Street)

SAN JUAN PR 00919-5115

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
OFG BANCORP [ OFG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Managing Dir Customer Intelli

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/09/2026		M		3,375(1)	A	(2)	37,157	D
Common Stock	02/09/2026		F		1,264(3)	D	$41.26	35,893	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represent shares of Common Stock received upon settlement of a performance share unit award on February 21, 2023, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").

2. Not applicable.

3. Represents shares of Common Stock withheld against Performance Share Units for payment of applicable taxes.

Remarks:

	/s/ Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Garcia Ada	02/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did OFG (OFG) officer Garcia Ada report?

Garcia Ada reported exercising performance share units into 3,375 OFG Bancorp common shares on February 9, 2026. The shares came from a performance share unit award granted under the company’s 2007 omnibus performance incentive plan and increased her direct holdings before tax withholding.

Why were 1,264 OFG Bancorp shares disposed of in this Form 4?

The 1,264 OFG Bancorp shares were withheld to pay applicable taxes tied to the performance share units. This tax-withholding disposition used shares valued at $41.26 each, a common method for covering statutory tax obligations on equity compensation awards.

How many OFG Bancorp shares does Garcia Ada own after the reported transactions?

After the reported transactions, Garcia Ada directly beneficially owns 35,893 shares of OFG Bancorp common stock. This figure reflects the 3,375 shares acquired from performance share units, net of 1,264 shares withheld to satisfy related tax liabilities on February 9, 2026.

What is the source of the 3,375 OFG Bancorp shares acquired by Garcia Ada?

The 3,375 shares were received upon settlement of a performance share unit award granted on February 21, 2023. This award was issued under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan, which governs various stock-based compensation arrangements for company personnel.

Does Garcia Ada’s Form 4 for OFG indicate an open-market stock purchase or sale?

The Form 4 reflects an exercise of performance share units and a tax-withholding share disposition, not an open-market trade. Code M shows derivative settlement into common shares, while code F shows shares withheld and delivered to cover tax obligations arising from that equity compensation.