X0306 4 2021-11-10 false 0001030469 OFG BANCORP OFG 0001254550 FERNANDEZ JOSE RAFAEL PO BOX 195115 SAN JUAN PUERTO RICO PR 00919-5115 PUERTO RICO true true false false President & CEO Common Stock 2021-11-10 4 M false 45200.00 11.83 A 343825.688 D Common Stock 2021-11-10 4 F false 19797.00 27.01 D 324028.688 D Qualified Stock Options 11.83 2021-11-10 4 M false 45200.00 0.00 D 2022-02-23 Common Stock 45200.00 135200.00 D Represents a "net exercise" of outstanding stock options. The reporting person received 25403 shares of Common Stock on net exercise of option to purchase 45,200 shares of Common Stock. The Issuer withheld 19,797 shares of Common Stock underlying the option for payment of the exercise price, using the closing stock price on November 9, 2021 of $27.01. In addition to the reporting person's direct beneficial ownership of 324,028.688 OFG shares, he also indirectly owns 45,152 OFG shares through a Non-Qualified Deferred Compensation Trust, and directly owns 5,560 shares of Non-Cumulative Perpetual Preferred Stock, Series D. Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. These options represented a right to buy the underlying securities. The executive is exercising a derivative security. The Award became exercisable at the rate of 25% per year commencing on February 23, 2014. /s/ Jose R. Fernandez 2021-11-12