Hugh Gonzalez - 25 Jul 2023 Form 4 Insider Report for OFG BANCORP (OFG)

Role
General Counsel
Signature
Hugh Gonzalez
Issuer symbol
OFG
Transactions as of
25 Jul 2023
Net transactions value
+$13.84
Form type
4
Filing time
26 Jul 2023, 17:14:24 UTC
Previous filing
28 Mar 2023
Next filing
02 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OFG Common Stock Tax liability $46,942 -1,388 -17% $33.82 6,749 25 Jul 2023 Direct F1
transaction OFG Common Stock Options Exercise $24,416 +1,400 +21% $17.44 8,149 25 Jul 2023 Direct
transaction OFG Common Stock Options Exercise $22,540 +1,400 +17% $16.10 9,549 25 Jul 2023 Direct

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 -1,400 -50% 1,400 25 Jul 2023 Common Stock 1,400 $17.44 Direct F2, F3
transaction OFG Qualified Stock Option Options Exercise -1,400 -100% 0 25 Jul 2023 Common Stock 1,400 $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.