Form 4 for OFG OFG BANCORP
Accepted 2023-03-01 00:00:00 ET · period of report 2023-02-27 · accession 0001562180-23-002073 · 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 | 2023-03-01 | 2023-02-27+ | OFG | FERNANDEZ JOSE RAFAEL | CEO, Vice COB BOD, Dir | F - Tax | $29.50 | -29.1K | 438.6K | -6% | -$859.5K |
| DM | 2023-03-01 | 2023-02-27 | OFG | FERNANDEZ JOSE RAFAEL | CEO, Vice COB BOD, Dir | M - OptEx | — | +55.7K | 402.4K | +16% | — |
| DM | 2023-03-01 | 2023-02-27 | OFG | FERNANDEZ JOSE RAFAEL | CEO, Vice COB BOD, Dir | M - OptEx | — | -23.5K | 29.9K | -44% | — |
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 | 2023-02-27 | F | D | 5,018 | $29.70 | 442,137.69 | D | — | — | (F3) Represents shares of Common Stock withheld against both Performance Share Units and Restricted Units for payment of applicable taxes. |
| 2 | Common | Common Stock | 2023-03-27 | F | D | 16,840 | $29.42 | 421,763.69 | D | — | — | (F3) Represents shares of Common Stock withheld against both Performance Share Units and Restricted Units for payment of applicable taxes. (F4) In addition to the reporting person's direct beneficial ownership of 421,763.688 OFG shares, he also indirectly owns 20,152 OFG shares through a Non-Qualified Deferred Compensation Trust. |
| 3 | Common | Common Stock | 2023-02-27 | F | D | 3,743 | $29.42 | 447,155.69 | 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 | 2023-02-27 | M | A | 32,168 | — | 450,898.69 | D | — | — | (F2) Represent shares of Common Stock received upon settlement of a performance share unit award on February18, 2020, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan"). (F1) Not applicable. |
| 5 | Common | Common Stock | 2023-02-27 | M | A | 6,750 | — | 418,730.69 | D | — | — | (F1) Not applicable. |
| 6 | Common | Common Stock | 2023-02-27 | M | A | 9,617 | — | 411,980.69 | D | — | — | (F1) Not applicable. |
| 7 | Common | Common Stock | 2023-02-27 | M | A | 7,149 | — | 402,363.69 | D | — | — | (F1) Not applicable. |
| 8 | Common | Common Stock | 2023-02-27 | F | D | 3,534 | $29.70 | 438,603.69 | D | — | — | (F3) Represents shares of Common Stock withheld against both Performance Share Units and Restricted Units for payment of applicable taxes. |
| 9 | Derivative | Restricted Units | 2023-02-27 | M | D | 6,750 | — | 23,117 | D | — · — to — | 6,750 Common Stock | (F8) Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 22, 2022. (F1) Not applicable. (F6) The Restricted Units convert to Common Stock on a one-for-one basis. |
| 10 | Derivative | Restricted Units | 2023-02-27 | M | D | 7,149 | — | 39,484 | D | — · — to — | 7,149 Common Stock | (F5) Awarded pursuant to the Plan. They represent 34% of a grant of Restricted Units ("RUs") of February 18, 2020. (F1) Not applicable. (F6) The Restricted Units convert to Common Stock on a one-for-one basis. |
| 11 | Derivative | Restricted Units | 2023-02-27 | M | D | 9,617 | — | 29,867 | D | — · — to — | 9,617 Common Stock | (F7) Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 17, 2021. (F1) Not applicable. (F6) The Restricted Units convert to Common Stock on a one-for-one basis. |