X0306 4 2023-02-01 false 0001030469 OFG BANCORP OFG 0001302232 Kumar Ganesh P.O. BOX 195115 SAN JUAN PR 00919-5115 PUERTO RICO false true false false Chief Operating Officer Common Stock 2023-02-01 4 M false 2156.00 16.10 A 165267.00 D Common Stock 2023-02-01 4 S false 5000.00 28.60 D 5000.00 I By Non-Qualified Deferred Compensation Trust Qualified Stock Option 16.10 2023-02-01 4 F false 2844.00 D 2024-02-27 Common Stock 2844.00 47456.00 D Qualified Stock Options 16.10 2023-02-01 4 M false 2156.00 D 2024-02-27 Common Stock 2156.00 45300.00 D Represents a "net exercise" of outstanding stock options. The reporting person received 2,156 shares of Common Stock on net exercise of option to purchase 5,000 shares of Common Stock. The Issuer withheld 2,844 shares of Common Stock underlying the option for payment of the exercise price, using the closing stock price on January 31, 2023. Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan ("Plan"). Represents a "net exercise" of outstanding stock options. The Issuer withheld 2,844 shares of Common Stock underlying the options for payment of the exercise price, using the closing stock price of $28.31 on January 31, 2023. The reporting person received 2,156 shares of Common Stock on net exercise of option to purchase 5,000 shares of Common Stock. The executive is exercising a derivative security. The Award became exercisable at the rate of 25% per year commencing on February 27, 2016. /s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Kumar Ganesh 2023-02-03