Garcia Ada 4

What Happened

• Ada Garcia (listed in the filing as "Garcia Ada"), Managing Director, Customer Intelligence, received 717 restricted units that converted one-for-one into 717 shares of OFG Bancorp common stock on 2026-03-10. To cover tax obligations, 231 of those shares were withheld at $41.39 per share, a withholding value of $9,561. The award represents 33% of a February 23, 2024 grant under OFG’s 2007 Omnibus Performance Incentive Plan.

Key Details

• Transaction date(s): March 10, 2026 (reported on Form 4 filed March 12, 2026).
• Actions reported: A (award/grant) of 717 restricted units; M (conversion/exercise of derivative) converting the restricted units to common stock; F (tax withholding) of 231 shares disposed to satisfy taxes.
• Price/value: Withheld shares priced at $41.39 each; total tax withholding ~ $9,561. Award and conversion entries show N/A for per-share acquisition price because these were restricted units converting to stock.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: Withholding was against Restricted Units to pay applicable taxes (F2). Award was under the OFG Amended and Restated 2007 Omnibus Performance Incentive Plan and represents 33% of a 2/23/2024 grant (F3). Restricted Units convert 1:1 to common stock (F4).
• Timeliness: Form 4 filed 2026-03-12 for transactions on 2026-03-10—no indication of a late filing in the provided data.

Context

• This was primarily an equity award (vesting/conversion of restricted units), not an open-market purchase or an independent sale; the only shares sold/disposed were those withheld to cover taxes, which is a routine administrative step and not necessarily a signal about the insider’s view of the stock.