Home > Insider Trading > Filing (0001562180-23-005039)

Filing Details

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
1254550	Rafael Jose Fernandez	Po Box 195115 San Juan Puerto Rico PR 00919-5115	Ceo & Vice Chairperson Bod	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	Disposition	2023-06-07	20,152	$27.89	0	No	4	S	Indirect	By Non-Qualified Deferred Compensation Trust
Common Stock	Acquisiton	2023-06-08	52,300	$16.10	469,064	No	4	M	Direct
Common Stock	Disposition	2023-06-08	30,030	$28.04	439,034	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Non-Qualified Deferred Compensation Trust
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Qualified Stock Options	Disposition	2023-06-08	52,300	$0.00	52,300	$16.10

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
46,300		2024-02-27	No	4	M	Direct

Footnotes

Represents a "net exercise" of outstanding stock options. The reporting person received 22,270 shares of Common Stock on net exercise of option to purchase 52,300 shares of Common Stock. The Issuer withheld 30,030 shares of Common Stock underlying the option for payment of the exercise price, using the closing stock price on June 7, 2023.
Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. These options represented a right to buy the underlying securities.
The executive is exercising a derivative security.
The Award became exercisable at the rate of 25% per year commencing on February 27, 2016.