Director at OFG Bancorp (NYSE: OFG) receives 1,500-share equity award

Rhea-AI Filing Summary

OFG Bancorp director Annette Franqui reported equity award activity involving restricted units and common stock. On March 4, 2026, 1,500 Restricted Units were exercised and converted into 1,500 shares of Common Stock at a stated price of $0.00 per share, pursuant to a grant of restricted units dated February 20, 2025 under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.

To cover applicable taxes on this vesting, 150 shares of Common Stock were withheld at a price of $42.66 per share, characterized as a tax-withholding disposition. After these transactions, Franqui directly owned 4,790 shares of OFG Bancorp Common Stock.

Insider Trade Summary

1,500 shares exercised/converted

Mixed 3 txns

Insider FRANQUI ANNETTE

Role Director

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

Holdings After Transaction: Restricted Units — 0 shares (Direct); Common Stock — 4,940 shares (Direct)

Footnotes (1)

1. Not applicable. Represents shares of Common Stock withheld against Restricted Units for the payment of applicable taxes. Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. They represent 100% of a grant of RUs of February 20, 2025. The Restricted Units convert to Common Stock on a one-for-one basis.

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^*

FRANQUI ANNETTE

(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)
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)	4,940	D
Common Stock	03/04/2026		F		150(2)	D	$42.66	4,790	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 the 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 RUs of February 20, 2025.

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

Remarks:

	/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Franqui Annette	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.

FAQ

What insider transactions did OFG (OFG Bancorp) director Annette Franqui report?

Annette Franqui reported the vesting and exercise of 1,500 Restricted Units into 1,500 OFG Bancorp common shares, plus a related tax-withholding disposition of 150 shares, all dated March 4, 2026, leaving her with 4,790 directly owned shares.

How many OFG Bancorp (OFG) shares does Annette Franqui own after this Form 4?

Following the reported transactions, Annette Franqui directly owns 4,790 shares of OFG Bancorp common stock. This reflects issuance of 1,500 shares from vested Restricted Units and withholding of 150 shares for taxes as disclosed in the filing.

Was the OFG (OFG Bancorp) insider transaction a market buy or sell?

The activity was not an open-market buy or sell. It reflects the exercise and conversion of 1,500 Restricted Units into common stock and a tax-withholding disposition of 150 shares withheld to satisfy applicable taxes, all reported as direct ownership changes.

What is the origin of the 1,500 Restricted Units reported by OFG director Annette Franqui?

The 1,500 Restricted Units represent 100% of a grant awarded on February 20, 2025 under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan, converting to common stock on a one-for-one basis upon vesting and exercise.

At what price were the 150 OFG Bancorp shares withheld for taxes?

The 150 OFG Bancorp common shares withheld to cover applicable taxes were valued at $42.66 per share. These withheld shares are characterized as payment of tax liability by delivering securities rather than an open-market sale.