Kumar Ganesh - 08 Mar 2024 Form 4 Insider Report for OFG BANCORP (OFG)

Reporting relationship: Chief Strategy Officer, US
Issuer ticker: OFG
Reported as of: 08 Mar 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 08 Mar 2024, 17:27:36 UTC
Prior SEC filing: 28 Feb 2024
Next SEC filing: 21 Mar 2024
Source filing: View source filing
Reporting owner signature: /s /Nilda M. Vazquez-Rodriguez, Attorney-in-Fact for Kumar Ganesh

Key filing fact

Kumar Ganesh filed Form 4 for OFG BANCORP (OFG) on 08 Mar 2024.

Key facts

This page summarizes Kumar Ganesh's Form 4 filing for OFG BANCORP (OFG).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 08 Mar 2024, 17:27.

Change

Previous filing in this sequence was filed on 28 Feb 2024.
Current net transaction value: $0.

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 derivative securities

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

OFG transaction Derivative

Restricted Units

Award

Transaction value
Shares: +5,300
Change %: +42%
Price
Shares after: 17,984
Date: 08 Mar 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,300
Exercise price
Footnotes: F1, F2, F3, 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

Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan") per grant of February 23, 2024.

Footnote F2

Not applicable. The Grantee is expected to receive the underlying shares of Common Stock at the end of the Restricted Period.

Footnote F3

Not applicable.

Footnote F4

Subject to the provisions of the Plan, the Restricted Period shall lapse in three annual installments as follows: 33% on the first anniversary, 33% on the second anniversary, and 33% on the third anniversary of the date of the Award.