Cabrera Jose E. - 08 Mar 2022 Form 4 Insider Report for OFG BANCORP (OFG)

Reporting relationship: Chief Risk & Compliance Office
Issuer ticker: OFG
Reported as of: 08 Mar 2022
Net transaction value: -$44,808
SEC form: 4
Accepted by SEC: 10 Mar 2022, 17:42:29 UTC
Next SEC filing: 06 Apr 2022
Source filing: View source filing
Reporting owner signature: /s/ Jose E. Cabrera Lazaro

Key filing fact

Cabrera Jose E. filed Form 4 for OFG BANCORP (OFG) on 10 Mar 2022.

Key facts

This page summarizes Cabrera Jose E.'s Form 4 filing for OFG BANCORP (OFG).
5 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 10 Mar 2022, 17:42.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$44,808.

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: +1,166
Change %
Price
Shares after: 1,166
Date: 08 Mar 2022
Ownership: Direct
Footnotes: F1

OFG transaction

Common Stock

Options Exercise

Transaction value
Shares: +2,210
Change %: +190%
Price
Shares after: 3,376
Date: 08 Mar 2022
Ownership: Direct
Footnotes: F1, F2

OFG transaction

Common Stock

Tax liability

Transaction value: $15,412
Shares: -556
Change %: -16%
Price: $27.72
Shares after: 2,820
Date: 08 Mar 2022
Ownership: Direct
Footnotes: F3

OFG transaction

Common Stock

Tax liability

Transaction value: $29,396
Shares: -1,054
Change %: -37%
Price: $27.89
Shares after: 1,766
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 Units

Options Exercise

Transaction value
Shares: -1,166
Change %: -19%
Price
Shares after: 4,834
Date: 08 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,166
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 a performance share unit award on 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.