OFG Director Roberto Garcia Rodriguez Receives Award

What Happened

• Roberto Garcia Rodriguez, a director of OFG Bancorp (OFG), was awarded 50 Restricted Units (RU’s) under the company’s omnibus incentive plan. The RU’s converted one-for-one into 50 shares of common stock on 2026-08-26. To satisfy tax withholding, 5 shares were withheld (reported at $51.78 per share, total $259).
• This is an equity award / conversion event (acquisition of shares via an award), not an open-market purchase or a voluntary sale.

Key Details

• Transaction date(s): August 26, 2026. Form filed August 28, 2026.
• Reported transactions and codes: A = Award/Grant of 50 RU’s (acquired); M = Conversion/exercise of derivative to 50 shares; F = 5 shares withheld for taxes (disposed) at $51.78 each = $259.
• Footnotes: RU grant made under the OFG Bancorp Amended & Restated 2007 Omnibus Performance Incentive Plan (grant originally dated Aug 20, 2025). RU’s convert to common stock one-for-one. Withholding (F) represents shares withheld against Restricted Units to pay applicable taxes.
• Shares owned after the transaction: Not reported in the provided filing.
• Filing timeliness: Form filed two days after the transaction date (filed 2026-08-28 for 2026-08-26 activity), which appears timely under Form 4 rules.

Context

• This was an equity award/conversion and a routine tax-withholding event, not an open-market sale or purchase. The conversion of restricted units into common stock and the withholding of a portion of shares to cover taxes is a common administrative outcome of equity compensation.