Form 4 for OFG OFG BANCORP
Accepted 2023-03-01 00:00:00 ET · period of report 2023-02-27 · accession 0001562180-23-002074 · 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 | Kumar Ganesh | COO | M - OptEx | — | +29.0K | 169.3K | +21% | — |
| D | 2023-03-01 | 2023-02-27 | OFG | Kumar Ganesh | COO | S - Sale+OE | $30.00 | -6,468 | 167.6K | -4% | -$194.0K |
| DM | 2023-03-01 | 2023-02-27 | OFG | Kumar Ganesh | COO | F - Tax | $29.52 | -10.3K | 174.0K | -6% | -$303.1K |
| DM | 2023-03-01 | 2023-02-27 | OFG | Kumar Ganesh | COO | M - OptEx | — | -14.0K | 19.1K | -42% | — |
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 | M | A | 15,000 | — | 184,300 | D | — | — | (F2) Represent shares of Common Stock received upon settlement of a performance share unit award on February 18, 2020 under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan"). (F1) Not applicable. |
| 2 | Common | Common Stock | 2023-02-27 | M | A | 3,334 | — | 158,601 | D | — | — | (F1) Not applicable. |
| 3 | Common | Common Stock | 2023-02-27 | M | A | 6,483 | — | 165,084 | D | — | — | (F1) Not applicable. |
| 4 | Common | Common Stock | 2023-02-27 | M | A | 4,216 | — | 169,300 | D | — | — | (F1) Not applicable. |
| 5 | Common | Common Stock | 2023-02-27 | S | D | 6,468 | $30.00 | 167,567 | D | — | — | |
| 6 | Common | Common Stock | 2023-02-27 | F | D | 1,179 | $29.42 | 183,121 | D | — | — | (F3) Represents shares of Common Stock withheld against both Performance Shares Units and Restricted Units for payment of applicable taxes. |
| 7 | Common | Common Stock | 2023-02-27 | F | D | 2,292 | $29.70 | 180,829 | D | — | — | (F3) Represents shares of Common Stock withheld against both Performance Shares Units and Restricted Units for payment of applicable taxes. |
| 8 | Common | Common Stock | 2023-02-27 | F | D | 1,491 | $29.70 | 179,338 | D | — | — | (F3) Represents shares of Common Stock withheld against both Performance Shares Units and Restricted Units for payment of applicable taxes. |
| 9 | Common | Common Stock | 2023-02-27 | F | D | 5,303 | $29.42 | 174,035 | D | — | — | (F3) Represents shares of Common Stock withheld against both Performance Shares Units and Restricted Units for payment of applicable taxes. |
| 10 | Derivative | Restricted Units | 2023-02-27 | M | D | 3,334 | — | 25,617 | D | — · — to — | 3,334 Common Stock | (F4) Awarded pursuant to the Plan. They represent 34% 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. |
| 11 | Derivative | Restricted Units | 2023-02-27 | M | D | 4,216 | — | 14,918 | D | — · — to — | 4,216 Common Stock | (F7) Awarded pursuant to the Plan. They represent 33% of a grant of Restricted Units ("RUs") of February 22, 2022. (F1) Not applicable. (F5) The Restricted Units convert to Common Stock on a one-for-one basis. |
| 12 | Derivative | Restricted Units | 2023-02-27 | M | D | 6,483 | — | 19,134 | D | — · — to — | 6,483 Common Stock | (F6) 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. |