Form 4 for OFG OFG BANCORP
Accepted 2023-02-03 00:00:00 ET · period of report 2023-02-01 · accession 0001562180-23-000910 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-03 | 2023-02-01 | OFG | Kumar Ganesh | COO | M - OptEx | $16.10 | +2,156 | 165.3K | +1% | +$34.7K |
| DI | 2023-02-03 | 2023-02-01 | OFG | Kumar Ganesh | COO | S - Sale+OE | $28.60 | -5,000 | 5,000 | -50% | -$143.0K |
| D | 2023-02-03 | 2023-02-01 | OFG | Kumar Ganesh | COO | F - Tax | — | -2,844 | 47.5K | -6% | — |
| D | 2023-02-03 | 2023-02-01 | OFG | Kumar Ganesh | COO | M - OptEx | — | -2,156 | 45.3K | -5% | — |
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 | 2023-02-01 | M | A | 2,156 | $16.10 | 165,267 | D By Non-Qualified Deferred Compensation Trust | — | — | (F1) Represents a "net exercise" of outstanding stock options. The reporting person received 2,156 shares of Common Stock on net exercise of option to purchase 5,000 shares of Common Stock. The Issuer withheld 2,844 shares of Common Stock underlying the option for payment of the exercise price, using the closing stock price on January 31, 2023. |
| 2 | Common | Common Stock | 2023-02-01 | S | D | 5,000 | $28.60 | 5,000 | I | — | — | |
| 3 | Derivative | Qualified Stock Option | 2023-02-01 | F | D | 2,844 | — | 47,456 | D | $16.10 · — to 2024-02-27 | 2,844 Common Stock | (F2) Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan ("Plan"). (F3) Represents a "net exercise" of outstanding stock options. The Issuer withheld 2,844 shares of Common Stock underlying the options for payment of the exercise price, using the closing stock price of $28.31 on January 31, 2023. The reporting person received 2,156 shares of Common Stock on net exercise of option to purchase 5,000 shares of Common Stock. (F4) The executive is exercising a derivative security. (F5) The Award became exercisable at the rate of 25% per year commencing on February 27, 2016. |
| 4 | Derivative | Qualified Stock Options | 2023-02-01 | M | D | 2,156 | — | 45,300 | D | $16.10 · — to 2024-02-27 | 2,156 Common Stock | (F2) Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan ("Plan"). (F4) The executive is exercising a derivative security. (F5) The Award became exercisable at the rate of 25% per year commencing on February 27, 2016. |