Harnett Sue 4

What Happened

• Sue Harnett, a director of OFG Bancorp (OFG), was granted 1,500 restricted stock units (RSUs) reported on 2026-03-27. The award is a derivative award (no purchase price) and the filing lists no dollar value. Per the filing, the RSUs were granted under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.

Key Details

• Transaction date reported: 2026-03-27 (Form 4 filed 2026-03-31).
• Transaction type: A = Award/Grant of 1,500 RSUs (derivative); price: N/A.
• Vesting: The restricted period lapses in its entirety on the first anniversary of the award (i.e., the RSUs vest one year after grant).
• Delivery of shares: The grantee is expected to receive the underlying common shares at the end of the restricted period (i.e., at vesting).
• Grant reference: Footnotes state the award is per a grant of Restricted Units dated 2026-02-26.
• Shares owned after transaction: Not specified in the provided filing.
• Timeliness: The Form 4 was filed four days after the reported transaction date; Form 4s are generally required within two business days, so this filing appears later than the typical reporting window.

Context

• These RSUs are a time-based equity award that will convert into common shares only after the restricted period (vesting) ends; they are not an immediate purchase or sale of stock. Awards like this are common for directors and compensation committees and do not by themselves indicate intent to buy or sell shares in the market.