OFG Bancorp CFO reports equity award, tax share disposals

OFG Bancorp Chief Financial Officer Maritza Arizmendi reported equity compensation and related tax transactions.

Accepted by SEC EDGAR 03/06/2026 - 07:02 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

OFG Bancorp Chief Financial Officer Maritza Arizmendi reported equity compensation and related tax transactions. She exercised 2,996 Restricted Units that convert one-for-one into Common Stock and received 2,996 shares of Common Stock as a grant under the company’s incentive plan. To cover taxes, 516 shares were disposed at $41.39 per share and 394 shares at $42.66 per share through share withholding. Following these transactions, she directly owned 65,698 shares of Common Stock.

Insider Trade Summary

2,996 shares exercised/converted

Exercise 4 txns

Insider Arizmendi Maritza

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Units	2,996	$0.00	$0.00
Grant/Award	Common Stock	2,996	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	516	$41.39	$21K
Exercise Price or Tax Liability	Common Stock	394	$42.66	$17K

Holdings After Transaction: Restricted Units — 5,428 contracts (Direct); Common Stock — 65,698 shares (Direct)

Footnotes (4)

1. F1. Not applicable.
2. F2. Represents shares of Common Stock withheld against Restricted Units for payment of applicable taxes.
3. F3. Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. They represent 33% of grants of Restricted Units dated of February 21, 2023, and February 20, 2025.
4. F4. The Restricted Units convert to Common Stock on a one-for-one basis.

FAQ

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

What insider transactions did OFG (OFG) CFO Maritza Arizmendi report?

OFG Bancorp’s CFO, Maritza Arizmendi, reported exercising 2,996 Restricted Units and receiving 2,996 Common Stock shares as an equity award. She also disposed of 910 shares through tax-withholding transactions to satisfy applicable tax obligations tied to these awards.

How many OFG (OFG) shares does the CFO own after these transactions?

After the reported transactions, OFG Bancorp CFO Maritza Arizmendi directly owns 65,698 shares of Common Stock. This figure reflects the equity award, restricted unit conversion, and the 910 shares withheld and disposed of to cover associated tax liabilities.

Were the OFG (OFG) insider share dispositions open-market sales?

The share dispositions were not open-market sales. They are reported with code “F,” indicating 516 and 394 shares of Common Stock were withheld and disposed of to pay tax liabilities related to equity awards, rather than discretionary selling in the market.

At what prices were OFG (OFG) shares disposed for tax withholding?

For tax withholding, 516 OFG Bancorp Common Stock shares were disposed at $41.39 per share and 394 shares at $42.66 per share. These transactions were specifically designated as payment of tax liabilities by delivering securities, rather than ordinary share sales.

What are Restricted Units in the OFG (OFG) CFO’s filing?

The Restricted Units in this filing are equity awards that convert into OFG Bancorp Common Stock on a one-for-one basis. The 2,996 units exercised represent part of grants dated February 21, 2023, and February 20, 2025, under the company’s omnibus performance incentive plan.

Under which plan were the OFG (OFG) equity awards granted to the CFO?

The awards were granted under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. The 2,996 Common Stock shares represent 33% of Restricted Unit grants dated February 21, 2023, and February 20, 2025, as disclosed in the footnotes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Arizmendi Maritza

(Last) (First) (Middle)

PO 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)
	Chief Financial Officer

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		2,996	A	(1)	66,608	D
Common Stock	03/04/2026		F		516(2)	D	$41.39	66,092	D
Common Stock	03/04/2026		F		394(2)	D	$42.66	65,698	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			2,996	(1)	(1)	Common Stock	2,996	(1)	5,428	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 of February 21, 2023, and February 20, 2025.

4. The Restricted Units convert to Common Stock on a one-for-one basis.

Remarks:

	/s/ Maritza Arizmendi	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.