Colon Jorge 4

What Happened Colon Jorge, a director of OFG Bancorp (OFG), received an award of 1,500 restricted stock units (derivative securities) on 2026-04-24. The filing shows no purchase price (N/A) because this was a grant (transaction code A) rather than a market transaction. The units are expected to convert into underlying common shares at the end of the restricted period.

Key Details

• Transaction date: 2026-04-24; Form 4 filed: 2026-04-28 (filing is within the normal reporting window).
• Security/amount: 1,500 restricted units (derivative); acquisition price: N/A.
• Vesting/delivery: Footnotes state these units were awarded under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (grant dated 2026-02-26) and the grantee is expected to receive underlying common shares at the end of the restricted period.
• Vesting schedule: The restricted period "shall lapse in its entirety on the first anniversary of the date of the Award" (i.e., full vesting one year after the award date per the footnote).
• Shares owned after transaction: Not reported in the filing.
• Transaction type explanation: A = Award/grant of restricted units (derivative security).

Context Restricted stock units are compensation grants that are not tradable until vested and converted to common stock. This award is a routine equity compensation event for insiders and does not by itself indicate buying or selling pressure. No immediate sale or cashless exercise is reported — the units simply convert to shares once the restricted period lapses.