Kumar Ganesh - 24 Jul 2023 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
26 Jul 2023, 17:19:31 UTC
Prior SEC filing
21 Mar 2023
Next SEC filing
03 Aug 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Hugh Gonzalez, Attorney-in-Fact for Kumar Ganesh

Key filing fact

Kumar Ganesh filed Form 4 for OFG BANCORP (OFG) on 26 Jul 2023.

Key facts

  • This page summarizes Kumar Ganesh's Form 4 filing for OFG BANCORP (OFG).
  • 7 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 26 Jul 2023, 17:19.

Change

  • Previous filing in this sequence was filed on 21 Mar 2023.
  • Current net transaction value: -$1,470,715.

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
This filing has been restated. Open the amended filing.

Reported non-derivative transactions

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

OFG transaction

Common Stock

Sale

Transaction value
$1,207,059
Shares
-35,638
Change %
-23%
Price
$33.87
Shares after
119,106
Date
24 Jul 2023
Ownership
Direct
OFG transaction

Common Stock

Options Exercise

Transaction value
$404,608
Shares
+23,200
Change %
+19%
Price
$17.44
Shares after
142,306
Date
25 Jul 2023
Ownership
Direct
OFG transaction

Common Stock

Options Exercise

Transaction value
$355,810
Shares
+22,100
Change %
+16%
Price
$16.10
Shares after
164,406
Date
25 Jul 2023
Ownership
Direct
OFG transaction

Common Stock

Tax liability

Transaction value
$760,443
Shares
-22,485
Change %
-14%
Price
$33.82
Shares after
141,921
Date
25 Jul 2023
Ownership
Direct
Footnotes
F1
OFG transaction

Common Stock

Sale

Transaction value
$263,632
Shares
-7,812
Change %
-100%
Price
$33.75
Shares after
0
Date
25 Jul 2023
Ownership
by Defined Contribution Plan (401k)

Reported derivative securities

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

OFG transaction Derivative

Qualified Stock Option

Options Exercise

Transaction value
Shares
-23,200
Change %
-51%
Price
Shares after
22,100
Date
25 Jul 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
23,200
Exercise price
$17.44
Footnotes
F2, F3
OFG transaction Derivative

Qualified Stock Option

Options Exercise

Transaction value
Shares
-22,100
Change %
-100%
Price
Shares after
0
Date
25 Jul 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
22,100
Exercise price
$16.10
Footnotes
F2, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Represents a "net exercise" of outstanding stock options.

Footnote F2

The executive is exercising a derivative security.

Footnote F3

The Award became exercisable at the rate of 25% per year commencing on February 24, 2017.

Footnote F4

The Award became exercisable at the rate of 25% per year commencing on February 27, 2016.

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. Manage preferences to update or revoke optional consent for future visits. For more information, see our Privacy Policy .