Haggarty Patrick J. 4

What Happened

• Patrick J. Haggarty, Managing Director (Commercial Banking) at OFG Bancorp, was awarded 717 restricted units that converted one-for-one into 717 shares of common stock on March 10, 2026. Of those shares, 175 were withheld to cover taxes at $41.39 per share, a withholding value of $7,243. The award represents 33% of a grant made on February 23, 2024 under OFG’s Amended and Restated 2007 Omnibus Performance Incentive Plan.
• This was not an open-market sale; the withholding of shares for taxes is a routine post-vesting action rather than a discretionary sale.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (timely within reporting window).
• Transactions reported: A = Award/Grant of 717 restricted units; M = conversion/exercise of 717 restricted units to common stock; F = 175 shares withheld for tax payment at $41.39 each ($7,243).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F2 confirms shares were withheld against Restricted Units for taxes; F3 notes the award is 33% of a Feb 23, 2024 grant under the 2007 Omnibus Plan; F4 confirms restricted units convert one-for-one to common stock.

Context

• Restricted units converting to shares and subsequent withholding for taxes is a standard administrative step when equity awards vest and does not necessarily signal a trading preference. This filing documents issuance and tax withholding rather than an indication of buying or selling intent in the market.