OFG Bancorp (OFG) awards 2,145 restricted units to risk chief

Rhea-AI Filing Summary

Ortiz Cesar A reported acquisition or exercise transactions in this Form 4 filing.

OFG Bancorp Chief Risk Officer Cesar A. Ortiz reported receiving a grant of 2,145 restricted units linked to common stock as compensation. These units were awarded under the company’s Amended and Restated 2007 Omnibus Performance Incentive Plan. Following the grant, Ortiz holds 4,182 restricted units directly. The restricted period is scheduled to lapse in three equal annual installments of 33% each on the first, second, and third anniversaries of the award date, and he is expected to receive the underlying common shares at the end of the restricted period.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Ortiz Cesar A

Role Chief Risk Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Units	2,145	$0.00	--

Holdings After Transaction: Restricted Units — 4,182 shares (Direct)

Footnotes (1)

1. Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan") per grant 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 three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 33% on the third 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^*

Ortiz Cesar A

(Last) (First) (Middle)

PO BOX 195115

(Street)

SAN JUAN PUERTO RICO 00919

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

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)	03/19/2026		A		2,145		(3)	(3)	Common Stock	2,145	(4)	4,182	D

Explanation of Responses:

1. Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan") per grant 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 three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 33% on the third anniversary of the date of the Award.

4. Not applicable.

Remarks:

	/s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Ortiz Cesar A	03/20/2026
	** 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 insider transaction did OFG Bancorp (OFG) report for Cesar A. Ortiz?

OFG Bancorp reported that Chief Risk Officer Cesar A. Ortiz received a grant of 2,145 restricted units. These derivative awards are tied to common stock and were issued as compensation under the company’s omnibus performance incentive plan, increasing his restricted unit holdings to 4,182.

How many restricted units does Cesar A. Ortiz hold after this OFG Bancorp Form 4 filing?

After the reported grant, Cesar A. Ortiz directly holds 4,182 restricted units. These units represent compensation-based awards rather than open-market purchases, and each unit is linked to an equivalent number of OFG Bancorp common shares, subject to vesting conditions and the plan’s provisions.

What are the vesting terms for Cesar A. Ortiz’s new OFG Bancorp restricted units?

The restricted period for the 2,145 newly granted units will lapse in three annual installments. Specifically, 33% vest on the first anniversary of the award date, 33% on the second anniversary, and the remaining 33% on the third anniversary, subject to the plan’s conditions.

When is Cesar A. Ortiz expected to receive OFG Bancorp common stock for these restricted units?

The grantee is expected to receive the underlying OFG Bancorp common shares at the end of the restricted period. The period itself is structured to lapse in three equal annual installments, aligning share delivery with the completion of the vesting schedule under the incentive plan.

Was the OFG Bancorp Form 4 transaction a market buy or sell by Cesar A. Ortiz?

The reported transaction was not an open-market buy or sell. It was a compensation-related acquisition coded as a grant or award of 2,145 restricted units, issued at a stated price of $0.00 per unit under OFG Bancorp’s omnibus performance incentive plan.