# EDGAR Filing Document

**Accession Number:** 0001030469
**File Stem:** 0001562180-23-002096
**Filing Date:** 2023-3
**Character Count:** 7449
**Document Hash:** 9fe1d74bf8d5422f8bb282f96fbdf2d2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001562180-23-002096.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001562180-23-002096

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230227

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Arizmendi Maritza
- **CENTRAL INDEX KEY:** 0001613664

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-12647
- **FILM NUMBER:** 23695701

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 195115
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00919-5115
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** OFG BANCORP
- **CENTRAL INDEX KEY:** 0001030469
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 660538893
- **STATE OF INCORPORATION:** PR
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 254 MU?OZ RIVERA AVENUE
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918
- **BUSINESS PHONE:** 7877716800

**MAIL ADDRESS:**
- **STREET 1:** 254 MU?OZ RIVERA AVENUE
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00918

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ORIENTAL FINANCIAL GROUP INC
- **DATE OF NAME CHANGE:** 19970110

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Arizmendi Maritza<br><sub>(Last) (First) (Middle)</sub><br>PO BOX 195115<br><sub>(Street)</sub><br>SAN JUAN, PR 00919-5115<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-02-27 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Financial Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>OFG BANCORP [ OFG ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-02-27 |  | M |  | 1667.00 | A | <sup>(1)</sup> | 41202.00 | D |  |
| Common Stock | 2023-02-27 |  | M |  | 2433.00 | A | <sup>(1)</sup> | 43635.00 | D |  |
| Common Stock | 2023-02-27 |  | M |  | 1583.00 | A | <sup>(1)</sup> | 45218.00 | D |  |
| Common Stock<sup>(2)</sup> | 2023-02-27 |  | M |  | 7500.00 | A | <sup>(1)</sup> | 52718.00 | D |  |
| Common Stock<sup>(3)</sup> | 2023-02-27 |  | F |  | 506.00 | D | $29.42 | 52212.00 | D |  |
| Common Stock<sup>(3)</sup> | 2023-02-27 |  | F |  | 739.00 | D | $29.70 | 51473.00 | D |  |
| Common Stock<sup>(3)</sup> | 2023-02-27 |  | F |  | 481.00 | D | $29.70 | 50992.00 | D |  |
| Common Stock<sup>(3)</sup> | 2023-02-27 |  | F |  | 2277.00 | D | $29.42 | 48715.00 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Units<sup>(4)</sup> | <sup>(5)</sup> | 2023-02-27 |  | M |  |  | 2433.00 | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 2433.00 | <sup>(1)</sup> | 8851.00 | D |  |
| Restricted Units<sup>(6)</sup> | <sup>(5)</sup> | 2023-02-27 |  | M |  |  | 1667.00 | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 1667.00 | <sup>(1)</sup> | 7184.00 | D |  |
| Restricted Units<sup>(7)</sup> | <sup>(5)</sup> | 2023-02-27 |  | M |  |  | 1583.00 | <sup>(1)</sup> | <sup>(1)</sup> | Common Stock | 1583.00 | <sup>(1)</sup> | 5601.00 | D |  |

---

### Footnotes:

(1) Not applicable.

(2) Represent shares of Common Stock received upon settlement of a performance share unit award on February 18, 2020, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").

(3) Represents shares of Common Stock withheld against both Performance Share Units and Restricted Units for payment of applicable taxes.

(4) Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 17, 2021.

(5) The Restricted Units convert to Common Stock on a one-for-one basis.

(6) Awarded pursuant to the Plan. They represent 34% of a grant of Restricted Units ("RUs") of February 18, 2020.

(7) Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 22, 2022.

**Signature:** /s/ Maritza Arizmendi  
**Date:** 2023-03-01

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**