OFG Bancorp SEC Filings

OFG Bancorp director Rafael A. Velez-Dominguez reported equity award activity involving restricted units and common stock. On March 4, 2026, 1,500 restricted units were exercised and converted into 1,500 shares of common stock at a stated price of $0.00 per share.

The 1,500 common shares were awarded under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan and represent 100% of a restricted unit grant dated February 20, 2025. A total of 150 common shares, valued at $42.66 per share, were disposed of to cover applicable tax withholding.

After these transactions, Velez-Dominguez directly owned 11,855 shares of OFG Bancorp common stock.

OFG Bancorp director Annette Franqui reported equity award activity involving restricted units and common stock. On March 4, 2026, 1,500 Restricted Units were exercised and converted into 1,500 shares of Common Stock at a stated price of $0.00 per share, pursuant to a grant of restricted units dated February 20, 2025 under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.

To cover applicable taxes on this vesting, 150 shares of Common Stock were withheld at a price of $42.66 per share, characterized as a tax-withholding disposition. After these transactions, Franqui directly owned 4,790 shares of OFG Bancorp Common Stock.

OFG Bancorp director Lynda Grindstaff reported compensation-related equity activity. She exercised 300 Restricted Units into 300 shares of Common Stock at $0.0000 per share, awarded under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.

To cover taxes, 30 Common Stock shares were disposed of at $42.6600 per share through a tax-withholding transaction, leaving her with 270 Common Stock shares held directly and 50 Restricted Units outstanding after these transactions.

OFG Bancorp director Roberto Garcia Rodriguez reported equity award activity on March 3, 2026. He exercised 300 Restricted Units, which convert to Common Stock on a one-for-one basis, and received 300 shares of Common Stock at a stated price of $0.0000 per share.

The 300 shares were awarded under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan and represent 100% of a grant of Restricted Units dated February 20, 2025. Of these, 30 Common Stock shares at $42.6600 per share were withheld to cover applicable taxes, leaving 270 Common Stock shares held directly after the tax-withholding disposition.

OFG Bancorp filed Amendment No. 1 to its annual report for the year ended December 31, 2025. The amendment is limited to correcting the cover page checkbox about the company’s status as a well-known seasoned issuer and adding related officer certifications and an updated interactive data cover file.

The filing notes that the aggregate market value of common stock held by non-affiliates was about $1.915 billion as of June 30, 2025, based on 44,741,933 shares at a closing price of $42.80. It also reports 43,063,277 common shares outstanding as of January 31, 2026. No other sections of the original annual report are revised or updated.

OFG Bancorp has called a virtual annual shareholder meeting for April 22, 2026 at 10:00 a.m. AST to vote on three key items: electing nine directors for one-year terms, an advisory say-on-pay vote on executive compensation, and ratifying the independent auditor for 2026. Shareholders of record on March 2, 2026, when 42,477,261 common shares were outstanding, may vote online, by phone, mail, or through the virtual platform.

The proxy details a largely independent nine-member board, full committee structures, stock ownership requirements for directors and executives, and a robust risk and cybersecurity oversight framework. It also highlights record 2025 performance, including diluted EPS of $4.58, core revenues of $729.8 million, stronger lending and deposits, higher dividends, and growing digital adoption. In line with its pay-for-performance philosophy, the Compensation Committee approved performance-based equity awards for the CEO and senior executives tied to tangible book value and return on tangible common equity through December 31, 2028, and notes that 98% of shareholders supported say-on-pay in 2025.

OFG Bancorp, a financial holding company based in San Juan, Puerto Rico, files its annual report describing its business model, risk profile, and regulatory environment. The company’s common stock held by non‑affiliates had an approximate market value of $1.915 billion as of June 30, 2025, based on 44,741,933 shares at a $42.80 closing price.

OFG operates mainly through Oriental Bank and two other segments, Wealth Management and Treasury, providing lending, deposits, mortgage banking, brokerage, insurance, and trust services in Puerto Rico and the U.S. Virgin Islands, with certain lending in the U.S. mainland. The report highlights extensive regulation under U.S. and Puerto Rico law, capital and liquidity requirements, and governance expectations, as well as detailed risk factors tied to Puerto Rico’s economy, natural disasters, climate change, federal policy shifts, and broader market conditions. Human capital initiatives, including development programs, engagement efforts, and compensation governance, are also emphasized.

OFG Bancorp director Annette Franqui bought 1,540 shares of common stock in an open-market purchase at an average price of $42.065 per share. After this transaction, she directly owns a total of 3,440 OFG Bancorp common shares.

OFG Bancorp’s General Counsel, Gonzalez Hugh, reported equity award activity. On February 9, 2026, he acquired 2,925 shares of Common Stock through the exercise and settlement of a performance share unit award granted under the company’s omnibus incentive plan.

On the same date, 1,248 shares of Common Stock were withheld from these units at a price of $41.26 per share to cover applicable taxes. After these transactions, he directly beneficially owned 15,328 shares of OFG Bancorp Common Stock.