Velez-Dominguez Rafael A 4

What Happened
Rafael A. Velez‑Dominguez, a director of OFG Bancorp (OFG), had 1,500 restricted units convert to common stock on March 4, 2026 (code A / M). The award represents 100% of a grant of Restricted Units from February 20, 2025 and converts one‑for‑one to shares. To satisfy tax withholding, 150 of the converted shares were withheld at $42.66 per share, generating $6,399 (code F). Net new shares received after withholding: 1,350.

Key Details

• Transaction date: 2026-03-04; Form filed: 2026-03-06 (timely within the 2-business‑day Form 4 window).
• Grant/conversion: 1,500 Restricted Units converted to 1,500 common shares (codes A and M).
• Tax withholding: 150 shares withheld at $42.66/share for $6,399 (code F).
• Net increase in shares held from this event: 1,350 shares (1,500 converted minus 150 withheld).
• Footnotes: Award was under the OFG Bancorp Amended & Restated 2007 Omnibus Performance Incentive Plan (grant dated 2/20/2025); Restricted Units convert one‑for‑one to common stock.
• Shares owned after the transaction: not specified in the provided filing.

Context

• This was a conversion/vesting of Restricted Units (RSUs), not an open‑market purchase or a voluntary sale—such events commonly reflect scheduled vesting.
• The 150‑share disposition was a withholding to cover tax obligations, not an investment sale.
• No 10%‑owner or 10b5‑1 plan notes were indicated in the provided information.