José Rafael Fernández
2021
In 2021, José Rafael Fernández earned a total compensation of $3M as President & Chief Executive Officer at OFG Bancorp, a 9% increase compared to previous year.
Compensation breakdown
| Bonus | $600 |
|---|---|
| Non-Equity Incentive Plan | $878,100 |
| Salary | $935,000 |
| Stock Awards | $1,082,452 |
| Other | $124,685 |
| Total | $3,020,837 |
Fernández received $1.1M in stock awards, accounting for 36% of the total pay in 2021.
Fernández also received $600 in bonus, $878.1K in non-equity incentive plan, $935K in salary and $124.7K in other compensation.
Rankings
In 2021, José Rafael Fernández's compensation ranked 4,402nd out of 12,397 executives tracked by ExecPay. In other words, Fernández earned more than 64.5% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 4,402 out of 12,397 | 65th |
Division Finance, Insurance, And Real Estate | 673 out of 2,278 | 71st |
Major group Depository Institutions | 123 out of 1,000 | 88th |
Industry group Commercial Banks | 109 out of 800 | 86th |
Industry State Commercial Banks | 49 out of 512 | 90th |
Source: SEC filing on March 16, 2022.
Fernández's colleagues
We found four more compensation records of executives who worked with José Rafael Fernández at OFG Bancorp in 2021.