OFG Bancorp director reports 1,500-share equity award

OFG Bancorp director Jorge Colon reported equity award activity and related tax withholding.

Rhea-AI Filing Summary

OFG Bancorp director Jorge Colon reported equity award activity and related tax withholding. On the transaction date, 1,500 Restricted Units were exercised and converted into 1,500 shares of Common Stock at a stated price of $0.00 per share under the company’s omnibus incentive plan. The filing shows that 150 Common Stock shares were then disposed of at $42.66 per share to cover applicable taxes by delivering securities, as indicated by the tax-withholding code. After these transactions, Colon held 28,893 Common Stock shares directly.

Insider Trade Summary

1,500 shares exercised/converted

Exercise 3 txns

Insider Colon Jorge

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Units	1,500	$0.00	$0.00
Grant/Award	Common Stock	1,500	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	150	$42.66	$6K

Holdings After Transaction: Restricted Units — 0 contracts (Direct); Common Stock — 28,893 shares (Direct)

Footnotes (4)

1. F1. Not applicable.
2. F2. Represents shares of Common Stock withheld against Restricted Units for payment of applicable taxes.
3. F3. 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 February 20, 2025.
4. F4. The RUs convert to Common Stock on a one-for-one basis.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did OFG director Jorge Colon report on this Form 4?

Director Jorge Colon reported exercising 1,500 Restricted Units that converted into 1,500 OFG Bancorp Common Stock shares. The filing also shows a related tax-withholding disposition of 150 shares, leaving him with 28,893 Common Stock shares held directly after the transactions.

How many OFG (OFG) shares did Jorge Colon acquire through Restricted Units?

Jorge Colon acquired 1,500 OFG Bancorp Common Stock shares through the exercise and conversion of 1,500 Restricted Units. The Restricted Units convert to Common Stock on a one-for-one basis under the company’s Amended and Restated 2007 Omnibus Performance Incentive Plan.

Why were 150 OFG Bancorp shares disposed of in Jorge Colon’s Form 4?

The 150 OFG Bancorp Common Stock shares were disposed of to pay applicable taxes. The filing describes this as payment of tax liability by delivering securities, with shares withheld against Restricted Units at a transaction price of $42.66 per share.

What is Jorge Colon’s OFG Bancorp share ownership after these transactions?

After the reported transactions, Jorge Colon directly owns 28,893 OFG Bancorp Common Stock shares. This figure reflects the 1,500-share award from Restricted Units and the subsequent 150-share tax-withholding disposition recorded in the Form 4 filing.

How do OFG Bancorp Restricted Units convert to Common Stock in this filing?

In this filing, the Restricted Units convert to OFG Bancorp Common Stock on a one-for-one basis. The 1,500 Restricted Units granted under the Amended and Restated 2007 Omnibus Performance Incentive Plan became 1,500 Common Stock shares on the transaction date.

What plan governed Jorge Colon’s Restricted Unit award at OFG Bancorp (OFG)?

Jorge Colon’s Restricted Unit award was granted under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. The filing notes the 1,500 units represent 100% of a grant of Restricted Units dated February 20, 2025, which convert one-for-one into Common Stock.

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Accepted by SEC EDGAR 03/06/2026 - 06:27 PM Learn about SEC filing dates

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^*

Colon Jorge

(Last) (First) (Middle)

PO 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)
03/04/2026

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	03/04/2026		A		1,500	A	(1)	29,043	D
Common Stock	03/04/2026		F		150(2)	D	$42.66	28,893	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
Restricted Units(3)	(4)	03/04/2026		M			1,500	(1)	(1)	Common Stock	1,500	(1)	0	D

Explanation of Responses:

1. Not applicable.

2. Represents shares of Common Stock withheld against Restricted Units for payment of applicable taxes.

3. 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 February 20, 2025.

4. The RUs convert to Common Stock on a one-for-one basis.

Remarks:

	/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Colon Jorge	03/06/2026
	** 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.