Form 4: OFG Bancorp Director Acquires Restricted Units Under Incentive Plan

Director Roberto Garcia Rodriguez acquired 300 restricted units of OFG Bancorp common stock under the company's Amended and Restated 2007 Omnibus Performance Incentive Plan.

Summary

• On April 29, 2025, Roberto Garcia Rodriguez, a director of OFG Bancorp, acquired 300 restricted units (RUs) of common stock.
• The acquisition was made under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.
• The restricted period for these units is expected to lapse on the first anniversary of the award date.
• Garcia Rodriguez directly owns the 300 restricted units.

Sentiment

Score: 5

Explanation: Neutral. This is a standard regulatory filing related to executive compensation.

Positives

• The acquisition of restricted units aligns the director's interests with the company's performance.

Future Outlook

The restricted units are subject to the provisions of the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan and will vest after one year.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the actions of company directors and officers.

Stakeholder Impact

• The acquisition of restricted units by a director can signal confidence in the company's future performance to shareholders.

Key Dates

Keywords

OFG Bancorp, restricted units, director, Garcia Rodriguez, Form 4, insider trading, beneficial ownership, incentive plan