Vazquez Angel E. 4

What Happened
Angel E. Vazquez, a director of OFG Bancorp (OFG), was granted 1,500 restricted units (derivative securities) reported as an award on 2026-05-04. No per-share price or immediate cash value is listed; the units are expected to convert into underlying common stock after the restricted period lapses.

Key Details

• Transaction date: 2026-05-04 (Form 4 filed 2026-05-06). Transaction code: A (award/grant).
• Security: 1,500 Restricted Units (derivative instrument); price reported as N/A.
• Vesting/delivery: The award references a grant dated 2026-02-26 and, per the plan, the restricted period lapses in its entirety on the first anniversary of the award (i.e., vesting on 2027-02-26), at which time the grantee is expected to receive the underlying common shares.
• Plan: Award made under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.
• Shares owned after transaction: Not specified in the summary filing.
• Timeliness: Form 4 was filed two days after the reported transaction date (appears timely).

Context
This is a compensation-related award of restricted units, not an open-market purchase or sale. Such grants are commonly part of director/executive pay and do not necessarily indicate the insider’s short-term trading view of the stock. The units convert to common shares only after the restricted period (vesting), so there was no immediate change in tradable share count upon grant.