OFG Bancorp (OFG) executive compensation, 2026 proxy

José R. Fernández, President & Chief Executive Officer, was paid $3.5M in 2025, down 45% from $6.3M the year before.

Filed
March 3, 2026
Annual meeting
April 22, 2026
Pay year
2025
Named executives
5
CEO total pay
$3.5M-45% vs prior year
CEO pay in equity
34%$1.2M in awards
CEO Base Salary
$981,750Unchanged from prior year
CEO Stock Awards
$1,179,020Decreased from 2024
CEO Non-Equity Incentive
$1,117,600Paid for 2025 performance
Median Employee Pay
$43,732Excluding CEO

How Fernández was paid

$3.5M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary28%Bonus0%Stock awards34%Non-equity incentive32%All other compensation6%

Named executive officers

ExecutiveTotal
José R. FernándezPresident & Chief Executive Officer$3,479,297
Maritza ArizmendiChief Financial Officer$1,256,437
Ada GarcíaManaging Director Customer Intelligence and Operations$783,623
César OrtizChief Risk Officer$774,817
Mari Evelyn RodríguezChief Retail Banking Officer$829,903

What changed and why

  • $6.3MCEO total compensation decreased from $6,306,442 in 2024 to $3,479,297 in 2025 due to lower stock awards.
  • $1.1MNon-equity incentive plan compensation for the CEO was $1,117,600 for performance during 2025.
  • $1.2MStock awards granted to the CEO in 2025 totaled $1,179,020.
  • $982KSalary for the CEO remained unchanged at $981,750 for 2025.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.