Form 4: OFG Bancorp CEO Gifts 600 Shares of Common Stock

OFG Bancorp CEO and Chairman, Jose Rafael Fernandez, gifted 600 shares of common stock on September 22, 2025, reducing his direct beneficial ownership.

Summary

• Jose Rafael Fernandez, CEO and Chairman of the Board of Directors for OFG Bancorp, reported a change in beneficial ownership.
• On September 22, 2025, Mr. Fernandez disposed of 600 shares of OFG Bancorp Common Stock.
• The transaction was classified as a bona fide gift, with no consideration received.
• Following this transaction, Mr. Fernandez directly beneficially owns 214,674.688 shares of Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a gift, which is a disposition of shares without monetary consideration. This is generally considered neutral in terms of market sentiment, as it does not reflect a sale for profit or a purchase indicating increased confidence, but rather a transfer of ownership.

Negatives

• The reporting person's direct beneficial ownership of OFG Bancorp common stock decreased by 600 shares.

Industry Context

This filing reports a routine insider transaction (a gift of shares) and does not provide information directly related to broader industry trends or competitive landscape.

Related Party Transactions

• The transaction represents a bona fide gift of 600 shares of common stock by the CEO, Jose Rafael Fernandez. While the recipient is not specified, gifts often occur between related parties.

Stakeholder Impact

• Shareholders: Minimal direct impact as the number of shares gifted is a small fraction of the total outstanding shares and the CEO's overall holdings. It represents a slight reduction in the CEO's direct ownership stake.

Key Dates

Keywords

OFG Bancorp, OFG, Jose Rafael Fernandez, Insider Transaction, Form 4, Stock Gift, Beneficial Ownership, CEO, Director, Chairman