[Form 4] OFG BANCORP Insider Trading Activity

Rhea-AI Filing Summary

OFG Bancorp Chief Risk Officer Cesar A. Ortiz reported equity-related transactions involving restricted units and common stock. On March 4, 2026, he exercised 1,410 Restricted Units that convert to common stock on a one-for-one basis and received a corresponding grant of 1,410 shares of Common Stock.

To cover applicable taxes, a total of 793 shares of Common Stock (412 shares at $41.39 and 381 shares at $42.66) were withheld. After these transactions, he directly owned 2,754 Restricted Units and 2,397 shares of Common Stock under OFG Bancorp’s Amended and Restated 2007 Omnibus Performance Incentive Plan.

Insider Trade Summary

1,410 shares exercised/converted

Mixed 4 txns

Insider Ortiz Cesar A

Role Chief Risk Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Units	1,410	$0.00	--
Grant/Award	Common Stock	1,410	$0.00	--
Tax Withholding	Common Stock	412	$41.39	$17K
Tax Withholding	Common Stock	381	$42.66	$16K

Holdings After Transaction: Restricted Units — 2,754 shares (Direct); Common Stock — 3,190 shares (Direct)

Footnotes (1)

1. Not applicable. Represents shares of Common Stock withheld against Restricted Units for payment of applicable taxes. Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. They represent 33% of grants of Restricted Units ("RUs") of February 21, 2023, and 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^*

Ortiz Cesar A

(Last) (First) (Middle)

PO BOX 195115

(Street)

SAN JUAN PR 00919

(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)

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

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		1,410	A	(1)	3,190	D
Common Stock	03/04/2026		F		412(2)	D	$41.39	2,778	D
Common Stock	03/04/2026		F		381(2)	D	$42.66	2,397	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			1,410	(1)	(1)	Common Stock	1,410	(1)	2,754	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 33% of grants of Restricted Units ("RUs") of February 21, 2023, and 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 Ortiz Cesar A	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) report for Cesar A. Ortiz?

OFG Bancorp reported that Chief Risk Officer Cesar A. Ortiz exercised 1,410 Restricted Units and received 1,410 shares of Common Stock. Related tax obligations were settled by withholding 793 shares, all recorded as direct ownership activity on March 4, 2026.

How many OFG (OFG) shares were withheld for taxes in this Form 4?

A total of 793 OFG Bancorp Common Stock shares were withheld to pay taxes. This consisted of 412 shares at $41.39 per share and 381 shares at $42.66 per share, tied to the equity award and Restricted Unit activity on March 4, 2026.

How many OFG (OFG) shares does Cesar A. Ortiz own after these transactions?

Following the reported transactions, Cesar A. Ortiz directly held 2,397 shares of OFG Bancorp Common Stock. He also held 2,754 Restricted Units, which, according to the disclosure, convert into Common Stock on a one-for-one basis under the company’s incentive plan.

What type of equity awards did OFG (OFG) grant to Cesar A. Ortiz?

The company reported a grant of 1,410 shares of Common Stock tied to Restricted Units that convert one-for-one into Common Stock. These awards were made under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan, reflecting previously granted Restricted Units.

What do the Restricted Units reported by OFG (OFG) represent?

The Restricted Units represent equity awards that convert into OFG Bancorp Common Stock on a one-for-one basis. The filing notes they account for 33% of grants of Restricted Units from February 21, 2023, and February 20, 2025, under the company’s omnibus performance incentive plan.

Were the OFG (OFG) share dispositions in this Form 4 open-market sales?

No. The dispositions were coded as “F,” indicating shares were withheld to satisfy tax obligations or exercise costs. The footnotes state the Common Stock shares represented amounts withheld against Restricted Units for payment of applicable taxes, not discretionary open-market sales.