Form 4 for OFG OFG BANCORP
Accepted 2023-03-01 00:00:00 ET · period of report 2023-02-27 · accession 0001562180-23-002103 · 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 | Ortiz Cesar A | Dir, Corp Performance | M - OptEx | — | +4,767 | 567 | New | — |
| DM | 2023-03-01 | 2023-02-27 | OFG | Ortiz Cesar A | Dir, Corp Performance | F - Tax | $29.52 | -2,464 | 3,598 | -41% | -$72.7K |
| DM | 2023-03-01 | 2023-02-27 | OFG | Ortiz Cesar A | Dir, Corp Performance | M - OptEx | — | -2,217 | 2,134 | -51% | — |
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 | 1,167 | — | 1,734 | D | — | — | (F1) Not applicable. |
| 2 | Common | Common Stock | 2023-02-27 | M | A | 483 | — | 2,217 | D | — | — | (F1) Not applicable. |
| 3 | Common | Common Stock | 2023-02-27 | M | A | 2,550 | — | 4,767 | 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. |
| 4 | Common | Common Stock | 2023-02-27 | M | A | 567 | — | 567 | D | — | — | (F1) Not applicable. |
| 5 | Common | Common Stock | 2023-02-27 | F | D | 299 | $29.42 | 4,468 | D | — | — | (F3) Represents shares of Common Stock withheld against both Performance Share Units and Restricted Units for payment of applicable taxes. |
| 6 | Common | Common Stock | 2023-02-27 | F | D | 1,295 | $29.42 | 2,303 | D | — | — | (F3) Represents shares of Common Stock withheld against both Performance Share Units and Restricted Units for payment of applicable taxes. |
| 7 | Common | Common Stock | 2023-02-27 | F | D | 615 | $29.70 | 3,853 | D | — | — | (F3) Represents shares of Common Stock withheld against both Performance Share Units and Restricted Units for payment of applicable taxes. |
| 8 | Common | Common Stock | 2023-02-27 | F | D | 255 | $29.70 | 3,598 | 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 | 567 | — | 3,784 | D | — · — to — | 567 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. |
| 10 | Derivative | Restricted Units | 2023-02-27 | M | D | 1,167 | — | 2,617 | D | — · — to — | 1,167 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. |
| 11 | Derivative | Restricted Units | 2023-02-27 | M | D | 483 | — | 2,134 | D | — · — to — | 483 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. |