OFG Bancorp CFO Maritza Arizmendi Receives Award

What Happened Maritza Arizmendi, Chief Financial Officer of OFG Bancorp (OFG), received 7,650 shares as the settlement of a performance share unit award (transaction code A) reported for 2026-02-02. To cover tax withholding on that award (transaction code F), 2,508 shares were withheld at $41.26 per share, resulting in a disposition value of $103,480. The filing shows the award share price as N/A, so the total dollar value of the full award was not reported.

Key Details

• Transaction dates: Award and withholding recorded 2026-02-02; Form 4 filed 2026-02-04 (appears timely).
• Award: 7,650 shares granted/settled (price N/A in filing). Footnote F1: these shares represent settlement of a performance share unit award under the OFG 2007 Omnibus Performance Incentive Plan (settlement referenced as Feb 21, 2023).
• Tax withholding: 2,508 shares withheld at $41.26 each for $103,480 (disposition recorded under code F). Footnote F3: shares withheld against Performance Share Units for payment of applicable taxes. Footnote F2: Not applicable.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Not marked late; filed two days after the transaction date.

Context This was an award settlement with shares withheld to satisfy tax obligations — a routine, non-open-market disposition to cover taxes rather than a sale signaling a change in insider sentiment. For retail investors, award receipts reflect compensation rather than a purchase decision; the tax-withholding is common and does not by itself indicate bullish or bearish intent.