Form 4 for OFG OFG BANCORP
Accepted 2022-03-14 00:00:00 ET · period of report 2022-03-10 · accession 0001562180-22-002587 · 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 | 2022-03-14 | 2022-03-10 | OFG | FERNANDEZ JOSE RAFAEL | CEO, Vice COB BOD, Dir | M - OptEx | — | +78.7K | 320.3K | +33% | — |
| DM | 2022-03-14 | 2022-03-10 | OFG | FERNANDEZ JOSE RAFAEL | CEO, Vice COB BOD, Dir | M - OptEx | — | -22.7K | 26.4K | -46% | — |
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 | 2022-03-10 | M | A | 56,013 | — | 385,961.69 | D | — | — | (F2) Represents shares of Common Stock received upon settlement of two (2) 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"). (F1) Not applicable. (F3) In addition to the reporting person's direct beneficial ownership of 385,961.688 OFG shares, he also indirectly owns 45,152 OFG shares of Common Stock through a Non-Qualified Deferred Compensation Trust. |
| 2 | Common | Common Stock | 2022-03-10 | M | A | 9,616 | — | 329,948.69 | D | — | — | (F1) Not applicable. |
| 3 | Common | Common Stock | 2022-03-10 | M | A | 7,148 | — | 314,416.69 | D | — | — | (F1) Not applicable. |
| 4 | Common | Common Stock | 2022-03-10 | M | A | 5,916 | — | 320,332.69 | D | — | — | (F1) Not applicable. |
| 5 | Derivative | Restricted Units | 2022-03-10 | M | D | 9,616 | — | 39,447 | D | — · — to — | 9,616 Common Stock | (F4) Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 17, 2021. (F1) Not applicable. (F5) The Restricted Units convert to Common Stock on a one-for-one basis. |
| 6 | Derivative | Restricted Units | 2022-03-10 | M | D | 7,148 | — | 32,299 | D | — · — to — | 7,148 Common Stock | (F6) Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 18, 2020. (F1) Not applicable. (F5) The Restricted Units convert to Common Stock on a one-for-one basis. |
| 7 | Derivative | Restricted Units | 2022-03-10 | M | D | 5,916 | — | 26,383 | D | — · — to — | 5,916 Common Stock | (F7) Awarded pursuant to the Plan. They represent 34% of a grant of Restricted Units ("RUs") of February 20, 2019. (F1) Not applicable. (F5) The Restricted Units convert to Common Stock on a one-for-one basis. |