OFG Bancorp director exercises 50 restricted units
OFG BANCORP director Lynda Grindstaff reported an August 26, 2026 equity compensation event.
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.
Positive
- None.
Negative
- None.
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
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
