[Form 4] OFG BANCORP Insider Trading Activity

Rhea-AI Filing Summary

Lynda Grindstaff, a director of OFG Bancorp (OFG), was awarded 50 Restricted Units on 09/24/2025 under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. The grant was part of a grant dated August 20, 2025, and the Restricted Period is scheduled to lapse in full one year after the award date, at which time the grantee is expected to receive the underlying common shares. Following the reported transaction, the filing shows 350 shares of common stock beneficially owned directly. The Form 4 was signed on behalf of Grindstaff on 09/26/2025.

Positive

• Grant documented under the company's established omnibus plan, showing formal governance of equity compensation
• Restricted Units vest after one year, aligning incentive timing with retention objectives
• Clear disclosure of transaction date (09/24/2025) and filing signature date (09/26/2025), meeting Form 4 requirements

Negative

• None.

Insights

Financial Analyst

TL;DR: A routine director equity award of 50 restricted units with a one-year vesting schedule; immaterial to valuation.

The 50 Restricted Units granted to Director Lynda Grindstaff represent deferred equity compensation under the company's existing omnibus plan. The award vests in one year and converts to common shares at the end of the restricted period. Given the small grant size relative to the reported 350 shares owned post-transaction, this disclosure appears to be a standard director compensation event rather than a signal of material ownership change.

Corporate Governance Expert

TL;DR: Compensation granted under an established plan with customary restricted-unit terms and a one-year restriction period.

The transaction is documented under the Amended and Restated 2007 Omnibus Performance Incentive Plan and includes a clear restricted period and conversion expectation. The filing is properly executed by an attorney-in-fact and states the nature and timing of the award, meeting Form 4 disclosure requirements for insider grants.

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).

1. Name and Address of Reporting Person^*

Grindstaff Lynda

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/24/2025

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

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
Restricted Units(1)	(2)	09/24/2025		A		50		(3)	(3)	Common Stock	50	(4)	350	D

Explanation of Responses:

1. Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. They represent 100% of a grant of Restricted Units ("RUs") of August 20, 2025

2. Not applicable. The Grantee is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.

3. Subject to the provisions of the Plan, the Restricted Period shall lapse in its entirety on the first anniversary of the date of the Award.

4. Not applicable.

Remarks:

	/s /Miguel Ribas Abislaiman, Attorney-in-Fact for Grindstaff Lynda	09/26/2025
	** 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 did OFG insider Lynda Grindstaff receive on 09/24/2025?

She was awarded 50 Restricted Units under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.

When will the Restricted Units awarded to Lynda Grindstaff vest?

The Restricted Period is scheduled to lapse in its entirety on the first anniversary of the award, per the filing.

How many shares does Lynda Grindstaff beneficially own after the reported transaction?

The Form 4 reports 350 shares of common stock beneficially owned following the transaction.

When was the Form 4 for this transaction signed and by whom?

The Form 4 was signed on behalf of Lynda Grindstaff by Miguel Ribas Abislaiman, Attorney-in-Fact on 09/26/2025.

Under which plan were the Restricted Units awarded?

The units were awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.