Arizmendi Maritza 4
4 · OFG BANCORP · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
OFG Bancorp CFO Maritza Arizmendi Receives Restricted Share Award
What Happened
Maritza Arizmendi, Chief Financial Officer of OFG Bancorp (OFG), was awarded 4,090 restricted stock units (RSUs) reported on March 26, 2026. The grant is recorded as an award/derivative transaction (code A); no purchase price or cash value is listed in the filing.
Key Details
- Transaction date: 2026-03-26 (Form 4 filed 2026-03-27). Filing appears timely (Form 4 is generally due within two business days).
- Shares/units granted: 4,090 restricted units. Price per share: N/A; total dollar value: N/A.
- Nature of award: Restricted Units (derivative award). The grantee is expected to receive underlying common shares at the end of the restricted period.
- Vesting: Restricted period lapses in three annual installments — 33% on each of the first, second and third anniversaries of the award.
- Plan: Award made under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (grant referenced February 26, 2026).
- Shares owned after transaction: Not disclosed in the Form 4 filing.
- Footnotes: F1–F3 describe plan, future delivery of shares, and vesting schedule; F4 not applicable.
Context
This is a standard long-term compensation award (RSUs) to an executive. Because the units are restricted and vest over three years, they do not represent immediate open‑market buying or selling. Such awards are common for retention and incentive alignment and should be considered part of executive compensation rather than an immediate directional signal for trading.
Insider Transaction Report
- Award
Restricted Units
[F1][F2][F4][F3]2026-03-26+4,090→ 8,101 total→ Common Stock (4,090 underlying)
Footnotes (4)
- [F1]Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan") per grant of Restricted Units of February 26, 2026.
- [F2]Not applicable. The Grantee is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.
- [F3]Subject to the provisions of the Plan, the Restricted Period shall lapse in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 33% on the third anniversary of the date of the Award.
- [F4]Not applicable.