Garcia Rodriguez Roberto 4

What Happened
Roberto Garcia Rodriguez, a director of OFG Bancorp (OFG), received a grant of 1,500 restricted units (derivative securities) reported on 2026-04-29. The award has no purchase price (N/A) and represents a right to receive common shares after the restricted period. Per the filing, the restricted units were granted under OFG’s Amended and Restated 2007 Omnibus Performance Incentive Plan and are expected to convert to underlying shares at the end of the restricted period (no immediate sale).

Key Details

• Transaction date reported: 2026-04-29 (Form 4 filed 2026-05-01).
• Security: 1,500 restricted units (derivative), acquisition code A (award/grant). Price: N/A.
• Vesting/receipt: Footnotes state grant date Feb 26, 2026 and that the Restricted Period lapses in full on the first anniversary of the award (i.e., shares expected to be received Feb 26, 2027).
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Form 4 was filed 2026-05-01 for the 2026-04-29 report date (within the standard two-business-day reporting window).
• Other notes: No 10b5-1 plan, tax withholding, or cashless exercise indicated; F4 is not applicable.

Context
Restricted stock units (RSUs) are a common form of equity compensation that convert into shares if vesting conditions are met. This award is a compensation/grant event (not an open-market purchase or sale) and should be interpreted as part of director compensation rather than a direct signal of immediate insider buying or selling.