Kumar Ganesh - 08 Mar 2022 Form 4 Insider Report for OFG BANCORP (OFG)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
10 Mar 2022, 14:13:25 UTC
Prior SEC filing
25 Feb 2022
Next SEC filing
07 Apr 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Ganesh Kumar

Key filing fact

Kumar Ganesh filed Form 4 for OFG BANCORP (OFG) on 10 Mar 2022.

Key facts

  • This page summarizes Kumar Ganesh's Form 4 filing for OFG BANCORP (OFG).
  • 13 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 10 Mar 2022, 14:13.

Change

  • Previous filing in this sequence was filed on 25 Feb 2022.
  • Current net transaction value: -$542,807.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

OFG transaction

Common Stock

Options Exercise

Transaction value
Shares
+2,482
Change %
+2.2%
Price
Shares after
116,343
Date
08 Mar 2022
Ownership
Direct
Footnotes
F1
OFG transaction

Common Stock

Options Exercise

Transaction value
Shares
+3,333
Change %
+2.9%
Price
Shares after
119,676
Date
08 Mar 2022
Ownership
Direct
Footnotes
F1
OFG transaction

Common Stock

Options Exercise

Transaction value
Shares
+6,483
Change %
+5.4%
Price
Shares after
126,159
Date
08 Mar 2022
Ownership
Direct
Footnotes
F1
OFG transaction

Common Stock

Options Exercise

Transaction value
Shares
+42,821
Change %
+34%
Price
Shares after
168,980
Date
08 Mar 2022
Ownership
Direct
Footnotes
F1, F2
OFG transaction

Common Stock

Tax liability

Transaction value
$32,558
Shares
-1,172
Change %
-0.69%
Price
$27.78
Shares after
167,808
Date
08 Mar 2022
Ownership
Direct
Footnotes
F3
OFG transaction

Common Stock

Tax liability

Transaction value
$63,534
Shares
-2,292
Change %
-1.4%
Price
$27.72
Shares after
165,516
Date
08 Mar 2022
Ownership
Direct
Footnotes
F3
OFG transaction

Common Stock

Tax liability

Transaction value
$24,487
Shares
-878
Change %
-0.53%
Price
$27.89
Shares after
164,638
Date
08 Mar 2022
Ownership
Direct
Footnotes
F3
OFG transaction

Common Stock

Tax liability

Transaction value
$71,984
Shares
-2,581
Change %
-1.6%
Price
$27.89
Shares after
162,057
Date
08 Mar 2022
Ownership
Direct
Footnotes
F3
OFG transaction

Common Stock

Tax liability

Transaction value
$105,090
Shares
-3,768
Change %
-2.3%
Price
$27.89
Shares after
158,289
Date
08 Mar 2022
Ownership
Direct
Footnotes
F3
OFG transaction

Common Stock

Tax liability

Transaction value
$245,153
Shares
-8,790
Change %
-5.6%
Price
$27.89
Shares after
149,499
Date
08 Mar 2022
Ownership
Direct
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

OFG transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-2,482
Change %
-8.2%
Price
Shares after
27,817
Date
08 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,482
Exercise price
Footnotes
F1, F4, F5
OFG transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-3,333
Change %
-12%
Price
Shares after
24,484
Date
08 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,333
Exercise price
Footnotes
F1, F4, F5
OFG transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares
-6,483
Change %
-26%
Price
Shares after
18,001
Date
08 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
6,483
Exercise price
Footnotes
F1, F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Not applicable.

Footnote F2

Represents shares of Common Stock received upon settlement of performance share unit awards on February 20, 2019, June 27, 2019 and September 22, 2020, under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan").

Footnote F3

Represents shares of Common Stock withheld against both Performance Share Units and Restricted Units for payment of applicable taxes.

Footnote F4

Awarded pursuant to the Plan.

Footnote F5

The Restricted Units convert to Common Stock on a one-for-one basis.

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