Ganesh Kumar - 24 Jul 2023 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Strategy Officer, US
Signature
/s/ Hugh Gonzalez, Attorney-in-Fact for Kumar Ganesh
Issuer symbol
OFG
Transactions as of
24 Jul 2023
Net transactions value
-$1,470,715
Form type
4
Filing time
26 Jul 2023, 17:19:31 UTC
Previous filing
21 Mar 2023
Next filing
03 Aug 2023
SEC
View on sec.gov
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Sale $1,207,059 -35,638 -23% $33.87 119,106 24 Jul 2023 Direct
transaction OFG Common Stock Options Exercise $404,608 +23,200 +19% $17.44 142,306 25 Jul 2023 Direct
transaction OFG Common Stock Options Exercise $355,810 +22,100 +16% $16.10 164,406 25 Jul 2023 Direct
transaction OFG Common Stock Tax liability $760,443 -22,485 -14% $33.82 141,921 25 Jul 2023 Direct F1
transaction OFG Common Stock Sale $263,632 -7,812 -100% $33.75 0 25 Jul 2023 by Defined Contribution Plan (401k)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OFG Qualified Stock Option Options Exercise -23,200 -51% 22,100 25 Jul 2023 Common Stock 23,200 $17.44 Direct F2, F3
transaction OFG Qualified Stock Option Options Exercise -22,100 -100% 0 25 Jul 2023 Common Stock 22,100 $16.10 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options.
F2 The executive is exercising a derivative security.
F3 The Award became exercisable at the rate of 25% per year commencing on February 24, 2017.
F4 The Award became exercisable at the rate of 25% per year commencing on February 27, 2016.