OFG Bancorp CEO José Fernández's 2021 pay rises 9% to $3M
OFG Bancorp reports 2021 executive compensation
By ExecPay News
Published: March 16, 2022
OFG Bancorp reported fiscal year 2021 executive compensation information on March 16, 2022.
In 2021, five executives at OFG Bancorp received on average a compensation package of $1.4M, a 11% increase compared to previous year.
Average pay of disclosed executives at OFG Bancorp
José Rafael Fernández, Chief Executive Officer, received $3M in total, which increased by 9% compared to 2020. 36% of Fernández's compensation, or $1.1M, was in stock awards. Fernández also received $600 in bonus, $878K in non-equity incentive plan, $935K in salary, as well as $125K in other compensation.
Ganesh Kumar, Chief Operating Officer, received a compensation package of $2.1M, which increased by 10% compared to previous year. 34% of the compensation package, or $730K, was in stock awards.
Maritza Arizmendi, Chief Financial Officer, earned $911K in 2021, a 6% increase compared to previous year.
José Cabrera, Chief Risk and Compliance Officer, received $577K in 2021, which increases by 63% compared to 2020.
Cesar Ortiz, Director of Corporate Performance, earned $496K in 2021, a 4% increase compared to previous year.
Related executives
You may also like
Source: SEC filing on March 16, 2022.