Form 4 for OFG OFG BANCORP
Accepted 2022-03-11 00:00:00 ET · period of report 2022-03-09 · accession 0001562180-22-002539 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-03-11 | 2022-03-09 | OFG | Arizmendi Maritza | CFO | M - OptEx | — | +15.3K | 41.1K | +60% | — |
| DM | 2022-03-11 | 2022-03-09 | OFG | Arizmendi Maritza | CFO | F - Tax | $27.86 | -4,658 | 36.4K | -11% | -$129.8K |
| D | 2022-03-11 | 2022-03-09 | OFG | Arizmendi Maritza | CFO | M - OptEx | — | -2,433 | 9,663 | -20% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-09 | M | A | 12,908 | — | 38,631 | D | — | — | (F1) Represents shares of Common Stock received upon settlement of two performance share unit awards on February 20, 2019 and September 22, 2020, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan"). (F2) Not applicable. |
| 2 | Common | Common Stock | 2022-03-09 | M | A | 2,433 | — | 41,064 | D | — | — | (F2) Not applicable. |
| 3 | Common | Common Stock | 2022-03-09 | F | D | 739 | $27.72 | 40,325 | D | — | — | (F3) Represents shares of Common Stock withheld against both Performance Share Units and Restricted Units for payment of applicable taxes. |
| 4 | Common | Common Stock | 2022-03-09 | F | D | 1,906 | $27.89 | 38,419 | D | — | — | (F3) Represents shares of Common Stock withheld against both Performance Share Units and Restricted Units for payment of applicable taxes. |
| 5 | Common | Common Stock | 2022-03-09 | F | D | 2,013 | $27.89 | 36,406 | D | — | — | (F3) Represents shares of Common Stock withheld against both Performance Share Units and Restricted Units for payment of applicable taxes. |
| 6 | Derivative | Restricted Units | 2022-03-09 | M | D | 2,433 | — | 9,663 | D | — · — to — | 2,433 Common Stock | (F4) Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 17, 2021. (F2) Not applicable. (F5) The Restricted Units convert to Common Stock on a one-for-one basis. |