Filing Details
- Accession Number:
- 0001562180-23-000910
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-02-03 16:14:09
- Reporting Period:
- 2023-02-01
- Accepted Time:
- 2023-02-03 16:14:09
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1030469 | Ofg Bancorp | OFG | State Commercial Banks (6022) | 660538893 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1302232 | Ganesh Kumar | P.o. Box 195115 San Juan PR 00919-5115 | Chief Operating Officer | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2023-02-01 | 2,156 | $16.10 | 165,267 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2023-02-01 | 5,000 | $28.60 | 5,000 | No | 4 | S | Indirect | By Non-Qualified Deferred Compensation Trust |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Indirect | By Non-Qualified Deferred Compensation Trust |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Qualified Stock Option | Disposition | 2023-02-01 | 2,844 | $0.00 | 2,844 | $16.10 |
| Common Stock | Qualified Stock Options | Disposition | 2023-02-01 | 2,156 | $0.00 | 2,156 | $16.10 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 47,456 | 2024-02-27 | No | 4 | F | Direct | |
| 45,300 | 2024-02-27 | No | 4 | M | Direct |
Footnotes
- 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.
- Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan ("Plan").
- 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.
- The executive is exercising a derivative security.
- The Award became exercisable at the rate of 25% per year commencing on February 27, 2016.
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