Haggarty Patrick J. 4

What Happened Patrick J. Haggarty, Managing Director, Commercial Banking at OFG Bancorp (OFG), had 3,375 shares issued on conversion/settlement of performance share units (transaction code M). To cover tax withholding (transaction code F), 1,001 of those shares were withheld and disposed, valued at $41.26 per share for a total of $41,301. Net shares retained by Haggarty from this conversion equal 2,374 shares. The filing shows the issuance/settlement of award shares rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-09; Form 4 filed: 2026-02-11 (filed within the typical 2-business-day window).
• Acquired: 3,375 shares via conversion/settlement of performance share units (code M).
• Disposed (withheld for taxes): 1,001 shares at $41.26 each, total $41,301 (code F).
• Net new shares retained from the event: 2,374 shares.
• Footnotes: F1 indicates these shares represent settlement of a performance share unit award; F3 notes shares were withheld to pay applicable taxes. F2 not applicable.
• Shares owned after transaction: not disclosed in the provided filing.

Context This was a routine settlement of performance-based compensation, not a market buy or sell order. The withholding of shares to cover taxes is a common administrative step and does not necessarily indicate any change in the insider’s market view. For clarity: M = exercise/conversion of a derivative (here, PSU settlement) and F = shares withheld to satisfy tax obligations.