Arizmendi Maritza 4

What Happened Maritza Arizmendi, CFO of OFG Bancorp (OFG), was awarded 1,417 restricted units that converted to common stock on March 10, 2026. Of those, 431 shares were withheld to satisfy tax withholding at $41.39 per share (total withholding ~$17,839), leaving a net increase of 986 shares in her holdings. The award represents 33% of a restricted-unit grant made on February 23, 2024, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (reporting appears timely).
• Award/acquisition: 1,417 restricted units converted to 1,417 common shares (one-for-one conversion).
• Tax withholding: 431 shares withheld (Disposed) at $41.39/share = $17,839.
• Net shares retained from this vesting event: 986 shares (1,417 − 431).
• Footnotes: F2 confirms shares were withheld to pay taxes; F3 notes this is 33% of the Feb 23, 2024 grant; F4 confirms a one-for-one conversion of restricted units to common stock.
• Shares owned after the transaction: not disclosed in the filing.

Context This was a vesting/award event (code A and conversion M) with shares withheld to cover tax liabilities (code F), effectively a cashless tax withholding. Such restricted-unit vesting is a routine form of executive compensation and does not necessarily signal the insider’s view of the stock in the way an open-market purchase or sale might.