OFG Bancorp CEO José Fernández's 2020 pay slips 2% to $2.8M
OFG Bancorp reports 2020 executive compensation
By ExecPay News
Published: March 16, 2021
OFG Bancorp reported fiscal year 2020 executive compensation information on March 16, 2021.
In 2020, five executives at OFG Bancorp received on average a compensation package of $1.3M, a 2% 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 decreased by 2% compared to 2019. 44% of Fernández's compensation, or $1.2M, was in stock awards. Fernández also received $618K in non-equity incentive plan, $865K in salary, as well as $89K in other compensation.
Ganesh Kumar, Chief Operating Officer, received a compensation package of $1.9M, which increased by 3% compared to previous year. 36% of the compensation package, or $700K, was in salary.
Maritza Arizmendi, Chief Financial Officer, earned $858K in 2020, a 20% increase compared to previous year.
Cesar Ortiz, Director of Corporate Performance, received $478K in 2020.
José Cabrera, Chief Risk and Compliance Officer, earned $353K in 2020.
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Source: SEC filing on March 16, 2021.