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Director at OFG Bancorp (NYSE: OFG) receives 1,500 Restricted Units award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Velez-Dominguez Rafael A reported acquisition or exercise transactions in this Form 4 filing.

OFG Bancorp director Rafael A. Velez-Dominguez was granted 1,500 Restricted Units. These units were awarded under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan pursuant to a grant dated February 26, 2026.

The Restricted Period is scheduled to lapse in full on the first anniversary of the award date. At the end of this Restricted Period, the grantee is expected to receive 1,500 shares of OFG Bancorp common stock underlying these Restricted Units.

Positive

  • None.

Negative

  • None.
Insider Velez-Dominguez Rafael A
Role null
Type Security Shares Price Value
Grant/Award Restricted Units 1,500 $0.00 --
Holdings After Transaction: Restricted Units — 1,500 shares (Direct, null)
Footnotes (1)
  1. Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan") per grant of Restricted Units of February 26, 2026. Not applicable. The Grantee is expected to receive the underlying shares of Common Stock at the end of the Restricted Period. 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. Not applicable.
Restricted Units granted 1,500 units Equity award under 2007 Omnibus Performance Incentive Plan
Underlying common shares 1,500 shares Common Stock expected at end of Restricted Period
Grant price per unit $0.0000 No cash paid for Restricted Units on grant
Total units after transaction 1,500 units Total Restricted Units reported following this award
Restricted Period length 1 year Lapses in entirety on first anniversary of award date
Grant reference date February 26, 2026 Date of Restricted Units grant under the Plan
Restricted Units financial
"per grant of Restricted Units of February 26, 2026"
OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan financial
"Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan"
Restricted Period financial
"the Restricted Period shall lapse in its entirety on the first anniversary"
Common Stock financial
"receive the underlying shares of Common Stock at the end of the Restricted Period"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Velez-Dominguez Rafael A
(Last)(First)(Middle)
P.O. BOX 195115
(Street)
SAN JUAN PUERTO RICO 00919-5115
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
OFG BANCORP [ OFG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Units(1)(2)05/11/2026A1,500 (3) (3)Common Stock1,500(4)1,500D
Explanation of Responses:
1. Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan") per grant of Restricted Units of February 26, 2026.
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 /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Velez-Dominguez Rafael A05/13/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did OFG (OFG Bancorp) report in this Form 4?

OFG Bancorp reported that director Rafael A. Velez-Dominguez received a grant of 1,500 Restricted Units. These units represent a form of equity compensation that can convert into common shares after specific vesting conditions are met under the company’s incentive plan.

How many Restricted Units were granted to the OFG Bancorp director?

The director received 1,500 Restricted Units as part of an equity award. Each unit is tied to one underlying share of OFG Bancorp common stock, subject to the restrictions and vesting terms defined in the company’s 2007 Omnibus Performance Incentive Plan.

When will the OFG Bancorp Restricted Units for Rafael A. Velez-Dominguez vest?

The Restricted Units are scheduled to vest when the Restricted Period lapses on the first anniversary of the award date. Once this Restricted Period ends, the director is expected to receive the corresponding shares of OFG Bancorp common stock, assuming plan conditions are satisfied.

What plan governs the 1,500 Restricted Units granted by OFG Bancorp?

The award was granted under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. This plan outlines the terms, restrictions, and vesting conditions for equity-based compensation, including Restricted Units that can convert into common stock for eligible participants.

Does the OFG Bancorp director pay anything for the 1,500 Restricted Units?

The Form 4 shows a price per unit of $0.0000, indicating the Restricted Units were granted at no cash cost to the director. The value to the recipient comes from potential future delivery of OFG Bancorp common shares after vesting.