Rodriguez Mari Evelyn 4

What Happened

• Mari Evelyn Rodriguez, Chief Retail Banking Officer at OFG Bancorp (OFG), had 717 restricted units vest/convert to common stock on 2026-03-10. Per the filing, 199 of those shares were withheld to satisfy tax obligations at $41.39 per share (199 × $41.39 = $8,237), resulting in a net delivery of 518 shares to the insider.
• This was not an open-market sale or purchase by Rodriguez; it was the conversion/vesting of previously awarded restricted units under the company’s incentive plan.

Key Details

• Transaction date: 2026-03-10; Form filed: 2026-03-12 (appears to be within the normal 2-business-day reporting window).
• Grant/award (A): 717 Restricted Units awarded/vesting and converting to common stock (one-for-one conversion).
• Exercise/conversion of derivative (M): 717 shares converted to common stock (derivative conversion of RSUs).
• Tax withholding (F): 199 shares withheld and disposed at $41.39 per share for a total withholding value of $8,237.
• Net shares delivered to insider after withholding: 518 shares (717 − 199).
• Shares owned after transaction: not stated in the filing.
• Relevant footnotes: award represents 33% of a February 23, 2024 grant under OFG’s 2007 Omnibus Performance Incentive Plan; RSUs convert 1:1 to common stock; withheld shares were used to pay applicable taxes.

Context

• This is a routine vesting/conversion of restricted stock units (RSUs) rather than a market buy or sell. The withholding of shares to cover taxes is a common administrative step (not a directional trade). Such filings document compensation-related equity events and don’t by themselves indicate the insider’s view on the stock.