FERNANDEZ JOSE RAFAEL 4

What Happened
Jose Rafael Fernandez, CEO, Chairman of the Board and a director of OFG Bancorp (OFG), received an award of 14,390 restricted shares (derivative award) reported for the period ending 2026-03-19. The grant was made under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (grant dated February 26, 2026). No purchase price or immediate cash value is shown (price listed as N/A); the shares are derivative and the underlying common stock is to be delivered at the end of the restricted period.

Key Details

• Transaction type: Award/Grant (code A); 14,390 restricted shares granted (derivative).
• Grant date per footnote: February 26, 2026; Reported transaction date/period: 2026-03-19; Filing date: 2026-03-20. Filing appears timely.
• Price/Value: N/A in filing (no dollar amount reported).
• Vesting/Restriction: Restricted period lapses in three equal annual installments — 33% on each of the 1st, 2nd and 3rd anniversaries of the award date. The grantee is expected to receive the underlying shares at the end of the restricted period.
• Shares owned after transaction: Not specified in this filing.
• Relevant plan: Award made pursuant to OFG Bancorp’s 2007 Omnibus Performance Incentive Plan. No 10b5-1 plan, tax withholding, or late-filing indication noted in this filing.

Context
This is a compensation-related equity award, not an open-market purchase or sale. Such grants are common for executive pay and primarily signal retention/compensation intentions rather than an immediate view on the company’s stock. Because these are restricted/derivative shares with multi-year vesting, they will only affect outstanding common shares once vested and delivered.