Form 4: OFG Bancorp Director Jorge Colon Reports Acquisition of Restricted Units

Director Jorge Colon reports the acquisition of 1,500 restricted units in OFG Bancorp, which will vest in one year.

Summary

• On March 7, 2025, Jorge Colon, a director of OFG Bancorp, reported the acquisition of 1,500 restricted units (RUs).
• These RUs were awarded 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, February 20, 2025.
• Colon directly owns 4,300 shares of OFG Bancorp common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard regulatory filing regarding the acquisition of restricted units by a company director. It doesn't inherently indicate positive or negative performance.

Positives

• The acquisition of restricted units by a director signals confidence in the company's future 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 is a routine disclosure related to insider transactions, common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.

Stakeholder Impact

• The acquisition of restricted units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates