OFG Bancorp CEO José Fernández's 2019 pay rises 2% to $2.9M
OFG Bancorp reports 2019 executive compensation
By ExecPay News
Published: March 11, 2020
OFG Bancorp reported fiscal year 2019 executive compensation information on March 11, 2020.
In 2019, five executives at OFG Bancorp received on average a compensation package of $1.3M, a 18% increase compared to previous year.
Average pay of disclosed executives at OFG Bancorp
José Rafael Fernández, Chief Executive Officer, received $2.9M in total, which increased by 2% compared to 2018. 30% of Fernández's compensation, or $865K, was in salary. Fernández also received $283K in bonus, $850K in non-equity incentive plan, $736K in stock awards, as well as $118K in other compensation.
Ganesh Kumar, Chief Operating Officer, received a compensation package of $1.9M, which increased by 1% compared to previous year. 29% of the compensation package, or $546K, was in stock awards.
Maritza Arizmendi, Chief Financial Officer, earned $716K in 2019, a 15% increase compared to previous year.
Ramón Rosado-Linera, Senior Vice President & U.S. Loan Program Director, received $425K in 2019, which increases by 10% compared to 2018.
Rafael Cruz, Senior Vice President and Chief Risk and Compliance Officer, earned $424K in 2019, a 24% increase compared to previous year.
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
You may also like
Source: SEC filing on March 11, 2020.