Maritza Arizmendi - 17 Nov 2023 Form 4 Insider Report for OFG BANCORP (OFG)

Role
Chief Financial Officer
Signature
/s/ Maritza Arizmendi
Issuer symbol
OFG
Transactions as of
17 Nov 2023
Net transactions value
-$204,630
Form type
4
Filing time
21 Nov 2023, 16:07:12 UTC
Previous filing
06 Apr 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 Options Exercise $96,600 +6,000 +12% $16.10 54,715 17 Nov 2023 Direct
transaction OFG Common Stock Tax liability $96,587 -2,904 -5.3% $33.26 51,811 17 Nov 2023 Direct F1
transaction OFG Common Stock Options Exercise $104,640 +6,000 +12% $17.44 57,811 17 Nov 2023 Direct
transaction OFG Common Stock Tax liability $104,636 -3,146 -5.4% $33.26 54,665 17 Nov 2023 Direct F1
transaction OFG Common Stock Sale $204,647 -6,129 -11% $33.39 48,536 20 Nov 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 Options Options Exercise -6,000 -50% 6,000 17 Nov 2023 Common Stock 6,000 $17.44 Direct F2, F3
transaction OFG Qualified Stock Options Options Exercise -6,000 -100% 0 17 Nov 2023 Common Stock 6,000 $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. The options represented a right to buy.
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.