Form 4: OFG Bancorp CEO Jose Rafael Fernandez Donates 4,500 Shares to Charity
SEC Form 4
OFG Bancorp's CEO and Chairperson, Jose Rafael Fernandez, donated 4,500 shares of common stock to a charity on February 6, 2025.
Summary
- On February 6, 2025, Jose Rafael Fernandez, the CEO and Chairperson of OFG Bancorp, donated 4,500 shares of the company's common stock to a charity.
- Following the transaction, Mr. Fernandez directly owns 230,274.688 shares of OFG Bancorp common stock.
- This transaction was reported on a Form 4 filing with the Securities and Exchange Commission (SEC) on February 7, 2025.
Sentiment
Score: 6
Explanation: The document itself is neutral, reporting a charitable donation. The sentiment is slightly positive due to the charitable aspect.
Positives
- The charitable donation may be viewed positively by stakeholders.
Industry Context
Executive charitable donations are not uncommon and can be seen as a way to give back to the community.
Stakeholder Impact
- The charitable donation may have a positive impact on the company's reputation.
Key Dates
| Date | Description |
|---|---|
| July 21, 2022 | Date of the Limited Power of Attorney for Section 16 Reporting Obligations. |
| February 6, 2025 | Date of the charitable donation of 4,500 shares of OFG Bancorp common stock. |
| February 7, 2025 | Date of the Form 4 filing with the SEC. |
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