Form 4: OFG Bancorp Director Receives Restricted Stock Units

Director Roberto Garcia Rodriguez was granted 1,500 restricted stock units under the OFG Bancorp 2007 Omnibus Performance Incentive Plan.

Summary

• Director Roberto Garcia Rodriguez received a grant of 1,500 restricted stock units (RSUs) on April 29, 2026.
• The grant was issued under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.
• The restricted period for these units is set to lapse in its entirety on the first anniversary of the award date.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on the company's financial position.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified.

Risks

• None identified.

Future Outlook

The restricted units are expected to vest on the first anniversary of the award date, at which point the director will receive the underlying shares of common stock.

Industry Context

StockSavvy.ai notes that equity grants to directors are standard corporate governance practices designed to ensure long-term alignment between board members and shareholders in the banking sector.

Comparison to Industry Standards

• The use of restricted stock units as a component of director compensation is consistent with standard practices among regional banking institutions.
• The one-year vesting schedule is a common retention and alignment mechanism for board members.

Corporate Governance

Stakeholder Impact

• Minor dilution impact, though standard for incentive plans.

Next Steps

• Vesting of the 1,500 restricted units on the first anniversary of the award date.

Key Dates

Keywords

OFG Bancorp, Form 4, Director Compensation, Restricted Stock Units, Insider Transaction