De Jesus Nestor 4

What Happened

• Nestor De Jesus, a director of OFG Bancorp (OFG), was issued 1,500 restricted units that converted one-for-one into common stock and had 150 of those shares withheld to cover taxes. The 150 withheld shares were disposed at $42.66 each for a total of $6,399. The net result is 1,350 shares added to his holdings (1,500 grant less 150 withheld).

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (timely reporting).
• Grant: 1,500 Restricted Units (RUs) awarded under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (grant dated Feb 20, 2025).
• Conversion/Exercise: 1,500 RUs converted to 1,500 common shares (derivative exercise).
• Tax withholding: 150 shares withheld/disposed at $42.66/share for $6,399 to satisfy applicable taxes.
• Footnotes: RUs convert one-to-one to common stock; shares withheld represent tax payment. No 10b5-1 or other special plan noted in this filing.
• Shares owned after transaction: not explicitly listed in the provided filing; net increase to holdings from this award was 1,350 shares after withholding.

Context

• These transactions reflect a routine equity award vesting/conversion and tax withholding, not an open-market sale or a purchase signaling new bullish exposure. For derivative awards like RUs, conversion to common stock and withholding to pay taxes are common administrative steps rather than trading for investment reasons.