Key facts
- This page summarizes Kumar Ganesh's Form 4 filing for OFG BANCORP (OFG).
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 03 Feb 2023, 15:14.
Kumar Ganesh - 01 Feb 2023 Form 4 Insider Report for OFG BANCORP (OFG)
- Reporting relationship
- Chief Operating Officer
- Issuer ticker
- OFG
- Reported as of
- 01 Feb 2023
- Net transaction value
- -$108,288
- SEC form
- 4
- Accepted by SEC
- 03 Feb 2023, 15:14:09 UTC
- Prior SEC filing
- 23 Jan 2023
- Next SEC filing
- 24 Feb 2023
- Source filing
- View source filing
- Reporting owner signature
- /s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Kumar Ganesh
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Kumar Ganesh filed Form 4 for OFG BANCORP (OFG) on 03 Feb 2023.
Change
- Previous filing in this sequence was filed on 23 Jan 2023.
- Current net transaction value: -$108,288.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
OFG
transaction
Common Stock
Options Exercise
- Transaction value
- $34,712
- Shares
- +2,156
- Change %
- +1.3%
- Price
- $16.10
- Shares after
- 165,267
- Date
- 01 Feb 2023
- Ownership
- Direct
- Footnotes
- F1
OFG
transaction
Common Stock
Sale
- Transaction value
- $143,000
- Shares
- -5,000
- Change %
- -50%
- Price
- $28.60
- Shares after
- 5,000
- Date
- 01 Feb 2023
- Ownership
- By Non-Qualified Deferred Compensation Trust
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
OFG
transaction
Derivative
Qualified Stock Option
Tax liability
- Transaction value
- Shares
- -2,844
- Change %
- -5.7%
- Price
- Shares after
- 47,456
- Date
- 01 Feb 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,844
- Exercise price
- $16.10
- Footnotes
- F2, F3, F4, F5
OFG
transaction
Derivative
Qualified Stock Options
Options Exercise
- Transaction value
- Shares
- -2,156
- Change %
- -4.5%
- Price
- Shares after
- 45,300
- Date
- 01 Feb 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,156
- Exercise price
- $16.10
- Footnotes
- F2, 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
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.
Footnote F2
Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan ("Plan").
Footnote F3
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.
Footnote F4
The executive is exercising a derivative security.
Footnote F5
The Award became exercisable at the rate of 25% per year commencing on February 27, 2016.