Form 4: OFG Bancorp CRO Sells Shares for Tax Obligations

OFG Bancorp's Chief Risk Officer, Cesar A Ortiz, disposed of 5,500 shares of common stock at $42.175 per share to cover tax obligations related to restricted units.

Summary

• Cesar A Ortiz, Chief Risk Officer of OFG Bancorp, reported a transaction on December 15, 2025.
• He disposed of 5,500 shares of OFG Bancorp Common Stock.
• The shares were sold at a price of $42.175 per share.
• This transaction was specifically for the payment of applicable taxes related to restricted units.
• Following this transaction, Ortiz beneficially owns 351 shares of Common Stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale of shares to cover tax obligations related to restricted stock units, which is a common practice for executive compensation and does not indicate a change in management's outlook or company fundamentals.

Future Outlook

NA

Industry Context

This filing is specific to an individual executive's stock transaction and does not provide broader industry context or trends.

Key Dates

Recommendation

The reported transaction is a non-discretionary sale of shares by an executive to satisfy tax obligations related to restricted stock units. This is a common and expected event in executive compensation and does not reflect a change in the company's operational performance or the executive's confidence in the company's long-term prospects. Therefore, it does not warrant a change in investment recommendation based solely on this filing.

Keywords

OFG Bancorp, OFG, Cesar A Ortiz, Chief Risk Officer, insider transaction, stock sale, tax withholding, Form 4