Garcia Ada 4

What Happened Ada Garcia, Managing Director, Customer Intelligence at OFG Bancorp, had 3,375 shares reported as acquired on 2026-02-09 through the exercise/conversion of derivative awards (performance share units). The filing shows 1,264 of those shares were withheld to satisfy tax withholding obligations at $41.26 per share (total value withheld $52,153). The acquisition price for the converted units is listed as N/A (typical for settled PSU awards). Net shares delivered to Garcia from this settlement = 3,375 - 1,264 = 2,111 shares.

Key Details

• Transaction date: 2026-02-09 (filed 2026-02-11).
• Acquired: 3,375 shares via exercise/conversion of PSUs (code M); acquisition price N/A.
• Withheld/disposed: 1,264 shares for taxes at $41.26 each, total ~$52,153 (code F).
• Net shares retained from the settlement: 2,111 shares.
• Footnotes: F1 indicates these shares represent Common Stock received upon settlement of a PSU award (original award reference included); F3 notes shares were withheld against PSUs to pay taxes.
• Shares owned after the transaction are not specified in the provided excerpt.
• Filing appears timely (report covers Feb 9 transactions and was filed Feb 11).

Context This was a routine conversion/settlement of performance share units and associated tax withholding, not an open-market buy or discretionary sale. Withholding of shares to cover taxes is common following PSU settlement and does not necessarily indicate a trading decision.