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OFG Bancorp (OFG) director gets 1,500 restricted units vesting in one year

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

Rhea-AI Filing Summary

Vazquez Angel E. reported acquisition or exercise transactions in this Form 4 filing.

OFG Bancorp director Angel E. Vazquez received a grant of 1,500 restricted units. These units were awarded under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan pursuant to a grant of restricted units dated February 26, 2026.

The grantee is expected to receive 1,500 underlying shares of common stock at the end of the Restricted Period. Subject to the provisions of the plan, the Restricted Period will lapse in its entirety on the first anniversary of the award date, making this a standard compensation-related equity award rather than an open-market transaction.

Positive

  • None.

Negative

  • None.
Insider Vazquez Angel E.
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 Grant of restricted units to director Angel E. Vazquez
Underlying common shares 1,500 shares Shares of OFG Bancorp common stock underlying the restricted units
Grant price per unit $0.0000 per unit Compensation grant, not an open-market purchase
Restricted Period length One year Restricted Period lapses on first anniversary of award date
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"
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*
Vazquez Angel E.
(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)
05/04/2026		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)05/04/2026A1,500 (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 Vazquez Angel E.05/06/2026
** 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 did OFG (OFG Bancorp) director Angel E. Vazquez receive in this Form 4 filing?

Director Angel E. Vazquez received a grant of 1,500 restricted units. These units were issued as equity compensation under OFG Bancorp’s Amended and Restated 2007 Omnibus Performance Incentive Plan and are tied to the company’s common stock.

When do the restricted units granted to OFG director Angel E. Vazquez vest?

The Restricted Period lapses on the first anniversary of the award date. Subject to the plan’s provisions, all 1,500 restricted units are expected to vest together one year after the February 26, 2026 grant date.

How many OFG Bancorp common shares are underlying the restricted units granted?

The 1,500 restricted units are tied to 1,500 underlying shares of OFG Bancorp common stock. The grantee is expected to receive these common shares at the end of the Restricted Period, assuming plan conditions are satisfied.

Was there a purchase price for the restricted units reported in the OFG Form 4?

The filing shows a transaction price of $0.0000 per restricted unit. This indicates the award is a compensation grant, not an open-market purchase, provided under the company’s Amended and Restated 2007 Omnibus Performance Incentive Plan.

What plan governs the restricted unit award to OFG director Angel E. Vazquez?

The award was granted under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. This plan authorizes equity-based compensation, including restricted units that can convert into common stock after a specified Restricted Period.