Not independent
Tenure on this board
18.7 yrs
Meeting calendar
OFG · Annual meeting · Wednesday, April 22, 2026
Ofg Bancorp
9 nominees · 3 ballot items.
Elect nine directors; advisory vote on executive compensation (say-on-pay); ratify selection of independent registered public accounting firm; transact other business if presented.
Market cap
$2.1B
1Y TSR
+14.2%
Board grade
B
Record date
Mar 2, 2026
Filing
DEF 14A
Meeting concluded · Apr 22, 2026
Follow how the vote landed and what changed on Ofg Bancorp’s board — director track records, governance grades, and ongoing monitoring — on the Boardroom Alpha platform.
Proposals
On the ballot3
- 1
Election of Directors
ManagementBoard: FORTo elect nine directors to the Board for one-year terms expiring at the 2027 annual meeting.
- 2
Advisory Vote on Executive Compensation (Say-on-Pay
ManagementBoard: FORNon-binding advisory vote to approve the compensation of the company’s named executive officers as disclosed in the proxy statement.
More detail
This non-binding management proposal requests shareholder approval of the disclosed compensation for Named Executive Officers, as required by the Dodd-Frank Act. Management seeks endorsement to validate its compensation philosophy — emphasizing pay-for-performance, a mix of base salary, annual cash bonuses tied to a company scorecard, and long-term equity incentives including performance shares tied to tangible book value and return on average tangible common equity. The Board and Compensation Committee note strong prior shareholder support and assert that the program aligns executive incentives with long-term shareholder value, maintains competitive pay, enforces stock ownership guidelines, and includes risk-mitigating features such as clawbacks and prohibitions on hedging. Because the vote is advisory, the Board may consider results when making future compensation decisions but is not bound by them. The Board recommends a vote "FOR," citing the program's demonstrated positive alignment with company performance metrics and governance safeguards.
- 3
Ratification of Selection of Independent Registered Public Accounting Firm
ManagementBoard: FORRatify the Audit Committee’s selection of KPMG LLP as the Company's independent registered public accounting firm for 2026.
Director elections
Nominees on the ballot9
Independent
Tenure on this board
12.1 yrs
Independent
Tenure on this board
10.5 yrs
Annette Franqui
Independent
Tenure on this board
New nominee
Independent
Tenure on this board
1.8 yrs
Independent
Tenure on this board
1.8 yrs
Independent
Tenure on this board
7.0 yrs
Also a director at
Extra Space Storage Inc (EXR)
Independent
Tenure on this board
3.2 yrs
Independent
Tenure on this board
4.7 yrs
Ownership
Latest 13F quarterTop institutional holders10
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | BlackRock, Inc. | 11.0% | 4,638,722 | $188M |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 7.4% | 3,109,064 | $126M |
| 3 | DIMENSIONAL FUND ADVISORS LP | 5.8% | 2,448,978 | $99M |
| 4 | STATE STREET CORP | 5.7% | 2,407,380 | $98M |
| 5 | FIRST TRUST ADVISORS LP | 5.5% | 2,321,924 | $94M |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 4.5% | 1,908,153 | $77M |
| 7 | AMERICAN CENTURY COMPANIES INC | 3.8% | 1,600,499 | $65M |
| 8 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 3.4% | 1,420,288 | $57M |
| 9 | LSV ASSET MANAGEMENT | 3.0% | 1,284,891 | $52M |
| 10 | BlackRock, Inc. | 2.8% | 1,186,592 | $48M |
Peers
Nearest market capOther Financial Services sector meetings6
Upcoming shareholder meetings at Ofg Bancorp’s closest sector peers — compare boards, ballots, and ownership across the cohort.
Hilltop Holdings IncHTH
Annual meeting·Jul 23, 2026·$2.3B
Capital Southwest CorpCSWC
Annual meeting·Jul 22, 2026·$1.5B
Corvel CorpCRVL
Annual meeting·Aug 6, 2026·$3.1B
Gladstone Investment CorporationGAIN
Annual meeting·Aug 6, 2026·$659M
Greenlight Capital Re LtdGLRE
Annual meeting·Jul 28, 2026·$566M
Bit Digital IncBTBT
Annual meeting·Jul 29, 2026·$489M
Reference
Frequently asked questions
- When is the Ofg Bancorp 2026 annual meeting?
- Ofg Bancorp (OFG) holds its 2026 annual shareholder meeting on Wednesday, April 22, 2026.
- What is the record date for the Ofg Bancorp 2026 meeting?
- The record date for the Ofg Bancorp 2026 meeting is Monday, March 2, 2026. Shareholders of record on or before that date are eligible to vote.
- Who are the director nominees for Ofg Bancorp's 2026 meeting?
- The board is presenting 9 director nominees at the Ofg Bancorp 2026 meeting, listed with their independence status and background.
- What proposals will shareholders vote on at the Ofg Bancorp 2026 meeting?
- Shareholders will vote on 3 proposals at the Ofg Bancorp 2026 meeting, each tagged with who proposed it and the board's recommendation.
Disclaimer
The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Boardroom Alpha cannot guarantee its accuracy and completeness, and that of the opinions based thereon.
This report contains opinions and is provided for informational purposes only – it does not constitute investment, legal or tax advice. You should not rely solely upon the research herein for purposes of transacting securities or other investments, and you are encouraged to conduct your own research and due diligence, and to seek the advice of a qualified securities professional before you make any investment.
None of the information contained in this report constitutes, or is intended to constitute a recommendation by Boardroom Alpha of any particular security or trading strategy or a determination by Boardroom Alpha that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person.
No representation or warranty, expressed or implied, is made on behalf of Boardroom Alpha as to the accuracy or completeness of the information contained herein. Boardroom Alpha does not accept any liability for any direct, indirect or consequential loss or damage suffered by any person as a result of relying on all or any part of this research and any liability is expressly disclaimed.