OFG Bancorp (NYSE: OFG) officer logs stock awards and tax-withholding share disposals

Rhea-AI Filing Summary

OFG Bancorp officer Patrick J. Haggarty reported equity award activity involving restricted units and common stock. He exercised 1,410 Restricted Units that convert to Common Stock on a one-for-one basis and received 1,410 shares of Common Stock as a grant or award at no cash cost.

To cover tax obligations on these awards, 202 shares of Common Stock were withheld at $41.39 per share and 196 shares were withheld at $42.66 per share, both treated as tax-withholding dispositions. After these transactions, he directly holds 29,717 shares of Common Stock and 2,754 Restricted Units.

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

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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^*

Haggarty Patrick J.

(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 Director Comm. Bankin

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)	30,115	D
Common Stock	03/04/2026		F		202(2)	D	$41.39	29,913	D
Common Stock	03/04/2026		F		196(2)	D	$42.66	29,717	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 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 Haggarty Patrick J.	03/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did OFG (OFG) insider Patrick J. Haggarty report in this Form 4?

Patrick J. Haggarty reported equity award activity involving Restricted Units and Common Stock. He converted 1,410 Restricted Units into Common Stock, received 1,410 awarded Common shares, and had some shares withheld to pay related tax obligations, all under OFG Bancorp’s incentive plan.

How many OFG (OFG) shares did Patrick J. Haggarty acquire in this filing?

He acquired 1,410 shares of Common Stock through conversion of Restricted Units and another 1,410 shares as a grant. These transactions were reported at a price of $0.00 per share, reflecting equity compensation rather than open-market purchases of OFG Bancorp stock.

Why were some OFG (OFG) shares disposed of in Patrick J. Haggarty’s Form 4?

The dispositions reflect tax withholding, not open-market sales. A total of 202 shares at $41.39 and 196 shares at $42.66 were withheld to satisfy tax liabilities tied to the Restricted Units and Common Stock awards, as noted in the filing’s explanatory footnotes.

What are Restricted Units in the context of OFG (OFG) insider compensation?

Restricted Units are equity-based awards that convert into Common Stock on a one-for-one basis. In this case, they were granted under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan and represent a form of non-cash compensation for the reporting officer.

How many OFG (OFG) shares does Patrick J. Haggarty own after these transactions?

Following the reported transactions, Patrick J. Haggarty directly owns 29,717 shares of OFG Bancorp Common Stock and 2,754 Restricted Units. These holdings reflect his updated equity position after the grant, conversion of Restricted Units, and tax-withholding share dispositions.

Were Patrick J. Haggarty’s OFG (OFG) transactions open-market buys or sells?

No, the reported transactions are equity award-related, not regular market trades. They include an exercise or conversion of Restricted Units, a grant of Common Stock, and tax-withholding dispositions, all tied to OFG Bancorp’s incentive plan rather than discretionary open-market buying or selling.