FRANQUI ANNETTE 4

What Happened Annette Franqui, a director of OFG Bancorp (OFG), was granted 1,500 restricted stock units (RSUs) on April 24, 2026. The grant is reported as a derivative award (transaction code A); no purchase price or immediate cash value is shown because these are compensation units that convert into common shares after the restricted period.

Key Details

• Transaction date: April 24, 2026; Form 4 filed April 28, 2026 (filed within the SEC’s two-business-day window).
• Award amount: 1,500 restricted units; reported price: N/A (compensation award).
• Vesting/delivery: Under the Plan, the grantee is expected to receive the underlying common shares at the end of the restricted period; the restricted period lapses in full on the first anniversary of the award (per footnotes).
• Plan: Awarded under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (grant dated Feb 26, 2026).
• Shares owned after transaction: Not specified in the filing.
• Filing code: A = Award/Grant; this is not a purchase or sale.

Context Restricted stock unit grants are a form of compensation and typically vest over time; they do not represent an immediate market purchase or sale. This grant indicates compensation awarded to a director and will become common shares (subject to vesting) one year after the award date.