Haggarty Patrick J. 4

What Happened

• Patrick J. Haggarty, Managing Director, Commercial Banking at OFG Bancorp, had 1,410 restricted units convert to 1,410 shares of common stock on March 4, 2026 (exercise/conversion of derivative).
• To satisfy tax withholding, 202 shares were withheld at $41.39 (reported value $8,361) and 196 shares were withheld at $42.66 (reported value $8,361), for a total of 398 shares withheld (combined reported value ~$16,722).
• This was a conversion/vesting event (award-to-stock) rather than an open-market purchase or sale by the insider.

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (timely filing).
• Reported entries: A = Award/Grant (conversion/vesting), M = Exercise/Conversion of derivative (RSUs), F = Shares withheld for taxes.
• Specifics: 1,410 RSUs converted 1-for-1 to common stock (per footnote); 202 shares withheld at $41.39 ($8,361) and 196 withheld at $42.66 ($8,361).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes: withholding represents shares retained against Restricted Units to pay taxes; awards were granted under the OFG Bancorp Amended & Restated 2007 Omnibus Performance Incentive Plan and represent 33% of grants dated Feb 21, 2023 and Feb 20, 2025.

Context

• This was a routine vesting/conversion of restricted units (not a market buy). The withholding of shares for taxes is a common, administrative cashless/net settlement to cover tax liabilities and does not necessarily signal insider sentiment.
• For retail investors, such events primarily reflect compensation mechanics (vesting schedules and tax withholding) rather than active buying or selling decisions.