Equity awards and tax-withheld share dispositions by OFG Bancorp (NYSE: OFG) executive

Rhea-AI Filing Summary

OFG Bancorp executive Ada Garcia reported equity compensation activity. On March 4, 2026, 1,410 Restricted Units were exercised into Common Stock and 1,410 shares of Common Stock were awarded at no cost under the Amended and Restated 2007 Omnibus Performance Incentive Plan. To cover tax obligations, 508 Common shares were disposed of through tax-withholding transactions at prices of $41.39 and $42.66. Following these transactions, Garcia directly holds 36,795 shares of Common Stock and 2,754 Restricted Units, which each convert to one Common share.

Insider Trade Summary

1,410 shares exercised/converted

Mixed 4 txns

Insider Garcia Ada

Role Managing Dir Customer Intelli

Type	Security	Shares	Price	Value
Exercise	Restricted Units	1,410	$0.00	--
Grant/Award	Common Stock	1,410	$0.00	--
Tax Withholding	Common Stock	260	$41.39	$11K
Tax Withholding	Common Stock	248	$42.66	$11K

Holdings After Transaction: Restricted Units — 2,754 shares (Direct); Common Stock — 37,303 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 dated 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^*

Garcia Ada

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Managing Dir Customer Intelli

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)	37,303	D
Common Stock	03/04/2026		F		260(2)	D	$41.39	37,043	D
Common Stock	03/04/2026		F		248(2)	D	$42.66	36,795	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 dated 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 Garcia Ada	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) executive Ada Garcia report?

Ada Garcia reported acquiring Common Stock through Restricted Unit conversion and an equity award, plus share dispositions for taxes. She exercised 1,410 Restricted Units into Common Stock, received 1,410 Common shares as a grant, and had 508 shares withheld to satisfy tax liabilities.

How many OFG Bancorp (OFG) shares does Ada Garcia own after these transactions?

After the reported transactions, Ada Garcia directly owns 36,795 shares of OFG Bancorp Common Stock and 2,754 Restricted Units. Each Restricted Unit converts into one share of Common Stock, providing additional potential equity beyond the currently held Common shares.

What was the purpose of the share dispositions reported by OFG (OFG) executive Ada Garcia?

The dispositions were tax-withholding transactions, not open-market sales. A total of 508 Common shares were delivered to cover tax obligations, with 260 shares valued at $41.39 and 248 shares at $42.66, as permitted for payment of applicable tax liabilities.

How were the Restricted Units of OFG Bancorp (OFG) structured for Ada Garcia?

The Restricted Units convert to Common Stock on a one-for-one basis. The award represents 33% of grants of Restricted Units dated February 21, 2023, and February 20, 2025, and was issued under OFG Bancorp’s Amended and Restated 2007 Omnibus Performance Incentive Plan.

What types of Form 4 transaction codes were used in the OFG (OFG) filing?

The filing shows code M for exercise or conversion of derivative securities, code A for a grant or other acquisition of Common Stock, and code F for payment of tax liabilities by delivering securities, reflecting equity compensation and related tax-withholding activity.