OFG Bancorp CEO José Fernández's 2018 pay jumps 21% to $2.8M
OFG Bancorp reports 2018 executive compensation
By ExecPay News
Published: March 13, 2019
OFG Bancorp reported fiscal year 2018 executive compensation information on March 13, 2019.
In 2018, six executives at OFG Bancorp received on average a compensation package of $1.1M, a 11% increase compared to previous year.
Average pay of disclosed executives at OFG Bancorp
José Rafael Fernández, Chief Executive Officer, received $2.8M in total, which increased by 21% compared to 2017. 31% of Fernández's compensation, or $865K, was in salary. Fernández also received $283K in bonus, $709K in non-equity incentive plan, $851K in stock awards, as well as $93K in other compensation.
Ganesh Kumar, Chief Operating Officer, received a compensation package of $1.9M, which increased by 42% compared to previous year. 28% of the compensation package, or $529K, was in non-equity incentive plan.
Maritza Arizmendi, Chief Financial Officer, earned $622K in 2018, a 35% increase compared to previous year.
Cesar Ortiz, Senior Vice President of Commercial Credit and Operations, received $396K in 2018, which increases by 8% compared to 2017.
Ramón Rosado-Linera, Senior Vice President & U.S. Loan Program Director, earned $387K in 2018, a 8% increase compared to previous year.
Rafael Cruz, Senior Vice President and Chief Risk and Compliance Officer, received $343K in 2018.
Related executives
José Fernández
OFG Bancorp
Chief Executive Officer
Ganesh Kumar
OFG Bancorp
Chief Operating Officer
Maritza Arizmendi
OFG Bancorp
Chief Financial Officer
Rafael Cruz
OFG Bancorp
Senior Vice President and Chief Risk and Compliance Officer
Ramón Rosado-Linera
OFG Bancorp
Senior Vice President & U.S. Loan Program Director
Cesar Ortiz
OFG Bancorp
Director of Corporate Performance
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Source: SEC filing on March 13, 2019.