OFG BANCORP·4

Mar 6, 8:27 PM ET

Rodriguez Mari Evelyn 4

Research Summary

AI-generated summary

Updated

OFG Bancorp Chief Retail Banking Officer Mari Rodriguez Receives 660 Shares

What Happened

  • Mari Evelyn Rodriguez, Chief Retail Banking Officer at OFG Bancorp (OFG), received/converted 660 restricted units into 660 shares on March 4, 2026. Of those shares, 183 were withheld to cover taxes (183 shares x $42.66 = $7,807). The grant/award portion represents 33% of a restricted-unit grant made Feb 20, 2025.

Key Details

  • Transactions reported: Award/Grant (A) of 660 RUs; Exercise/Conversion (M) of 660 RUs into common stock; Tax withholding (F) of 183 shares at $42.66 (proceeds $7,807).
  • Date of transaction(s): March 4, 2026. Form 4 filed March 6, 2026 (timely filing).
  • Shares owned after the transaction: not stated in the provided filing.
  • Footnotes: RUs awarded under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan and represent 33% of a Feb 20, 2025 grant (F3). Restricted units convert 1:1 to common stock (F4). 183 shares were withheld to satisfy tax obligations (F2).
  • Transaction codes: A = award/grant, M = exercise/conversion of derivative, F = tax withholding.

Context

  • This was not an open-market sale; the 183-share disposition was a withholding to satisfy taxes on the restricted units—common practice when restricted units vest/convert. The filing does not indicate any market sale of shares by the insider.