Director at OFG Bancorp (NYSE: OFG) granted 1,500 restricted units

Rhea-AI Filing Summary

Grindstaff Lynda reported acquisition or exercise transactions in this Form 4 filing.

OFG Bancorp director Lynda Grindstaff reported a grant of 1,500 restricted units tied to OFG Bancorp common stock. The award was granted on February 26, 2026 under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. The restricted period is expected to lapse in full on the first anniversary of the award date, after which she is expected to receive the underlying common shares. Following this grant, her directly held restricted units total 1,550.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Grindstaff Lynda

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Units	1,500	$0.00	--

Holdings After Transaction: Restricted Units — 1,550 shares (Direct)

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.

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^*

Grindstaff Lynda

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			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)	03/22/2026		A		1,500		(3)	(3)	Common Stock	1,500	(4)	1,550	D

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 Grindstaff Lynda	03/24/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did OFG (OFG Bancorp) director Lynda Grindstaff report in this Form 4?

Lynda Grindstaff reported receiving 1,500 restricted units linked to OFG Bancorp common stock. The grant is a compensation award made under the company’s omnibus performance incentive plan, rather than an open-market stock purchase or sale, and increases her directly held restricted units to 1,550.

How many OFG Bancorp restricted units were granted to Lynda Grindstaff and when?

She was granted 1,500 restricted units on February 26, 2026 under OFG Bancorp’s Amended and Restated 2007 Omnibus Performance Incentive Plan. These units are a form of equity-based compensation and increase her total directly held restricted units to 1,550 after the award.

Are Lynda Grindstaff’s OFG Bancorp restricted units an open-market transaction?

No, the 1,500 restricted units are a grant under OFG Bancorp’s incentive plan, not an open-market trade. They represent equity compensation that will convert into common shares after the restricted period ends, rather than shares bought or sold on the stock market.

When will Lynda Grindstaff receive OFG Bancorp common stock from these restricted units?

She is expected to receive the underlying OFG Bancorp common shares at the end of the restricted period. According to the grant terms, that restricted period is scheduled to lapse in its entirety on the first anniversary of the award date, subject to the plan’s provisions.

What plan governs Lynda Grindstaff’s OFG Bancorp restricted unit award?

The award was made pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. This plan authorizes grants of equity-based awards, such as restricted units, to directors and other participants as part of the company’s long-term incentive and retention program.

How many OFG Bancorp restricted units does Lynda Grindstaff hold after this grant?

After receiving the 1,500 restricted units, her directly held restricted unit balance is 1,550. This indicates she previously held a small number of units and that the new grant significantly increases her equity-based compensation exposure to OFG Bancorp common stock.