{"schema_version":"secwatch.filing_event.v1","accession":"0001030469-23-000043","form_type":"8-K","ticker":"OFG","cik":"0001030469","company_name":"OFG BANCORP","filed_at":"2023-12-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.946182+00:00","generated_at":"2026-06-07T07:43:43.124929+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"OFG Bancorp CEO Fernández gets new 3-year contract with $981,750 base salary and special LTI","bullets":["Agreement effective Jan 1, 2024 through Dec 31, 2026; replaces prior July 2021 pact.","Annual base salary of $981,750, target bonus at 100% of base, and $100,000 expense allowance.","Receives special LTI grant of 40,442 RSUs and 40,442 PSUs based on Dec 20, 2023 closing price.","Severance: lump sum equal to 3x (base salary + average last 2 years cash bonus) if terminated without cause or for good reason.","Board will nominate Fernández as director and appoint as Vice Chairperson during term."],"urls":{"canonical":"https://secwatch.observer/filing/0001030469-23-000043","json":"https://secwatch.observer/filing/0001030469-23-000043.json","markdown":"https://secwatch.observer/filing/0001030469-23-000043.md","text":"https://secwatch.observer/filing/0001030469-23-000043.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1030469/000103046923000043/0001030469-23-000043-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1030469/000103046923000043/ofg-20231221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T07:43:43.124929+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}