FRANQUI ANNETTE 4

What Happened
Annette Franqui, a director of OFG Bancorp (ticker: OFG), purchased 1,540 common shares in an open-market acquisition on February 20, 2026. The shares were bought at $42.06 each, for a total transaction value of $64,780. This was a straight purchase (transaction code P), which is a direct insider buy rather than a sale or option exercise.

Key Details

• Transaction date: 2026-02-20
• Transaction type: Open-market purchase (Code P)
• Price per share: $42.06
• Shares acquired: 1,540
• Total value: $64,780
• Shares owned after transaction: Not specified in the provided filing details
• Footnotes/plan: No 10b5-1 plan, tax-withholding, or other footnotes indicated in the supplied transaction summary
• Filing date/accession: Form filed 2026-02-20 (appears timely)

Context
Insider purchases can be interpreted as a positive signal since they represent the insider committing personal capital to the company, but they are one data point and not a guarantee of future performance. This transaction was a straightforward open-market buy by a non-executive director (not a 10% owner or derivative exercise), and no extra context (such as a scheduled trading plan) was disclosed in the provided details. For full official disclosure, consult the Form 4 filing (Accession 0001849146-26-000002) on the SEC EDGAR site.