De Jesus Nestor 4

What Happened

• Nestor De Jesus, a director of OFG Bancorp (OFG), was granted 1,500 restricted stock units (a derivative award) reported on 2026-03-30 and filed on 2026-04-01. No purchase price is reported (N/A) because this is an award of restricted units rather than an open-market trade.

Key Details

• Transaction type: Award/Grant (code A) of 1,500 restricted units (derivative).
• Transaction reported: 2026-03-30; Form 4 filed: 2026-04-01.
• Price: N/A (restricted units, not a cash purchase).
• Shares owned after transaction: not disclosed in the filing.
• Notable footnotes:
  • Award made under OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (F1).
  • Grantee is expected to receive underlying common shares at the end of the restricted period (F2).
  • Restricted period lapses in its entirety on the first anniversary of the Award date (the award references a grant date of 2026-02-26, so vesting would occur on 2027-02-26) (F3).
  • No tax-withholding or other adjustments noted (F4 not applicable).

Context

• Restricted stock units (RSUs) are a form of compensation that convert into company shares only after vesting; they are not an immediate purchase or sale and do not directly signal a buy/sell decision by the insider. This grant appears to be part of routine board/executive compensation under the company’s incentive plan. The Form 4 was filed shortly after the reported transaction.