OFG Bancorp director exercises 50 restricted units

Q: What insider transactions did OFG director Lynda Grindstaff report on this Form 4?

Lynda Grindstaff reported exercising 50 Restricted Units into 50 shares of OFG Common Stock on August 26, 2026, with 5 shares withheld to pay taxes and the remainder retained as direct holdings.

Q: At what price were OFG shares withheld for Lynda Grindstaff’s tax liability?

The filing reports that 5 shares of OFG Common Stock were withheld for tax liability at a price of $51.78 per share, according to the transaction coded “F” and its related footnote.

Q: Did Lynda Grindstaff sell OFG shares in the open market in this Form 4?

No open-market sales are reported. The only disposition is 5 shares of Common Stock withheld by OFG to satisfy tax liability related to the equity award, reported with transaction code “F.”

Q: What plan governs the Restricted Units reported by OFG for Lynda Grindstaff?

The Restricted Units were awarded under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan, as stated in the footnote describing the grant of Restricted Units made on August 20, 2025.

OFG BANCORP director Lynda Grindstaff reported an August 26, 2026 equity compensation event.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

OFG BANCORP director Lynda Grindstaff reported an August 26, 2026 equity compensation event. She exercised 50 Restricted Units, which converted into 50 shares of Common Stock on a one-for-one basis under the company’s Amended and Restated 2007 Omnibus Performance Incentive Plan, and 1,500 Restricted Units remained outstanding afterward. Of the 50 Common shares issued, 5 shares were withheld at a price of $51.78 per share to cover tax liabilities, resulting in a net issuance of Common Stock to her account.

Insider Trade Summary

50 shares exercised/converted

Exercise 3 txns

Insider Grindstaff Lynda

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Units ^{F3, F4, F1}	50	--	--
Grant/Award	Common Stock ^F1	50	--	--
Tax Withholding	Common Stock ^F2	5	$51.78	$258.90

Holdings After Transaction: Restricted Units — 1,500 contracts (Direct); Common Stock — 315 shares (Direct)

Footnotes (4)

F1. Not applicable.
F2. Represents shares of Common Stock withheld against Restricted Units for the payment of applicable taxes.
F3. Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan") per grant of Restricted Units ("RU's") of August 20, 2025.
F4. The Restricted Units convert to Common Stock on a one-for-one basis.

Key Figures

Restricted Units exercised: 50 units Restricted Units remaining: 1,500 units Common Stock acquired: 50 shares +2 more

5 metrics

Restricted Units exercised 50 units Restricted Units converted to Common Stock on August 26, 2026

Restricted Units remaining 1,500 units Derivative holdings following the August 26, 2026 exercise

Common Stock acquired 50 shares Shares received from Restricted Unit conversion on August 26, 2026

Shares withheld for taxes 5 shares Common Stock withheld to pay tax liability related to the award

Tax withholding price $51.78 per share Price applied to 5 shares withheld for tax liability

Key Terms

Restricted Units, Amended and Restated 2007 Omnibus Performance Incentive Plan, tax liability

3 terms

Restricted Units financial

"Represents shares of Common Stock withheld against Restricted Units for the payment"

Amended and Restated 2007 Omnibus Performance Incentive Plan financial

"Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus"

tax liability financial

"withheld against Restricted Units for the payment of applicable taxes"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did OFG director Lynda Grindstaff report on this Form 4?

Lynda Grindstaff reported exercising 50 Restricted Units into 50 shares of OFG Common Stock on August 26, 2026, with 5 shares withheld to pay taxes and the remainder retained as direct holdings.

How many Restricted Units does Lynda Grindstaff hold in OFG after these transactions?

After the August 26, 2026 transaction, Lynda Grindstaff held 1,500 Restricted Units of OFG, as reported as the total derivative holdings following the exercise.

At what price were OFG shares withheld for Lynda Grindstaff’s tax liability?

The filing reports that 5 shares of OFG Common Stock were withheld for tax liability at a price of $51.78 per share, according to the transaction coded “F” and its related footnote.

Did Lynda Grindstaff sell OFG shares in the open market in this Form 4?

No open-market sales are reported. The only disposition is 5 shares of Common Stock withheld by OFG to satisfy tax liability related to the equity award, reported with transaction code “F.”

What plan governs the Restricted Units reported by OFG for Lynda Grindstaff?

The Restricted Units were awarded under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan, as stated in the footnote describing the grant of Restricted Units made on August 20, 2025.

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Available on EDGAR 08/28/2026 - 04:30 PM EDT Accepted by SEC EDGAR 08/28/2026 - 04:30 PM EDT

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)
08/26/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/26/2026		A		50	A	⁽¹⁾	320	D
Common Stock	08/26/2026		F		5⁽²⁾	D	$51.78	315	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Units⁽³⁾	⁽⁴⁾	08/26/2026		M			50	⁽¹⁾	⁽¹⁾	Common Stock	50	⁽¹⁾	1,500	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 (the "Plan") per grant of Restricted Units ("RU's") of August 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 Grindstaff Lynda	08/28/2026
	** 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)

Source: View Original Filing on SEC EDGAR