Data Year:

For its 2024 fiscal year, OFG BANCORP, listed the following executives on its annual proxy statement to the SEC

Equity
Cash Compensation
Other
Fiscal Year Ended in 2024
Name And Title Total Compensation Pay Rank By Title
Ganesh Kumar
Chief Strategy Officer, U.S. Business
Total Compensation $2,464,845 View details Pay Rank By Title #573 View more
Maritza Arizmendi
Chief Financial Officer
Total Compensation $1,173,603 View details Pay Rank By Title #2660 View more
José R. Fernández
President & Chief Executive Officer
Total Compensation $6,305,842 View details Pay Rank By Title #1782 View more
César Ortiz
Chief Risk Officer
Total Compensation $708,912 View details Pay Rank By Title #1188 View more
Mari Evelyn Rodríguez
Chief Retail Banking Officer
Total Compensation $756,629 View details Pay Rank By Title #1165 View more
Ada García
Managing Director Customer Intelligence and Operations
Total Compensation $710,054 View details Pay Rank By Title #116 View more

The charts on this page feature a breakdown of the total annual pay for the top executives at OFG BANCORP as reported in their proxy statements.

Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. OFG BANCORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. OFG BANCORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents.

Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.

Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.

Name And Title Total Cash Equity Other Total Compensation
Ganesh Kumar
Chief Strategy Officer, U.S. Business
Total Cash $550,000 Equity $380,858 Other $1,533,987 $2,464,845
Maritza Arizmendi
Chief Financial Officer
Total Cash $792,968 Equity $305,405 Other $75,230 $1,173,603
José R. Fernández
President & Chief Executive Officer
Total Cash $1,986,473 Equity $4,110,237 Other $209,132 $6,305,842
César Ortiz
Chief Risk Officer
Total Cash $496,800 Equity $154,499 Other $57,613 $708,912
Mari Evelyn Rodríguez
Chief Retail Banking Officer
Total Cash $570,200 Equity $154,499 Other $31,930 $756,629
Ada García
Managing Director Customer Intelligence and Operations
Total Cash $512,000 Equity $154,499 Other $43,555 $710,054
For its 2024 fiscal year, OFG BANCORP, listed the following board members on its annual proxy statement to the SEC.
Name Total COMPENSATION
Angel Vázquez Total Cash $104,670
Annette Franqui Total Cash $109,709
Jorge Colón-Gerena Total Cash $117,042
Julian S. Inclán Total Cash $45,333
Lynda Grindstaff Total Cash $23,472
Néstor de Jesús Total Cash $152,376
Rafael Velez Total Cash $118,709
Roberto Garcia Total Cash $16,900
Susan Harnett Total Cash $111,709
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This report is not for commercial use. Thorough reviews have been conducted to assure this data accurately reflects disclosures. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

Use of Data / Disclaimer

The information shown here is a reporting of information included in the company's proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You may also find the annual proxy statement by going directly to the company's website.

What is a proxy statement?

A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC.

The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.