Colon Jorge 4

What Happened

• Jorge Colon, a director of OFG Bancorp (OFG), received/converted 1,500 restricted units (RUs) into common stock on March 4, 2026. As part of the conversion, 150 shares were withheld to cover taxes at $42.66 per share (value withheld $6,399), leaving a net issuance of 1,350 shares to Colon. The award stems from a February 20, 2025 grant under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.

Key Details

• Transaction date(s): March 4, 2026 (period of report); filing date: March 6, 2026 (timely).
• Actions reported: Award/Acquisition of RUs (A) 1,500 shares; conversion/exercise of derivative (M) 1,500 shares (RUs converting 1-for-1 to common stock); tax withholding (F) 150 shares at $42.66/share = $6,399.
• Net new shares received by insider: 1,350 shares (1,500 converted less 150 withheld for taxes).
• Shares owned after transaction: Not stated in this filing.
• Footnotes: RUs awarded as 100% of a Feb 20, 2025 grant (F3). RUs convert to common stock on a one-for-one basis (F4). Tax withholding represents shares withheld against restricted units (F2).

Context

• This was a vesting/conversion of restricted units rather than a market purchase or sale; the withholding of shares to cover taxes is routine and does not necessarily indicate a change in sentiment. The conversion is effectively a non-cash issuance (derivative conversion) with a portion used to satisfy tax obligations.