Form 4: OFG Bancorp Director De Jesus Reports Stock Transactions
SEC Form 4
Director Nestor De Jesus reports acquisition of restricted units and conversion of restricted units to common stock.
Summary
- Nestor De Jesus, a director of OFG Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On March 20, 2025, De Jesus converted 2,800 restricted units into common stock.
- Also on March 18, 2025, De Jesus acquired 1,500 restricted units.
- Following these transactions, De Jesus directly owns 24,690 shares of common stock and 1,500 restricted units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
Stakeholder Impact
- Shareholders are informed about the director's stock transactions, providing transparency.
Key Dates
| Date | Description |
|---|---|
| 2022-10-27 | Date of Limited Power of Attorney for Section 16 Reporting Obligations |
| 2025-02-20 | Date of grant of Restricted Units |
| 2025-03-18 | Acquisition of 1,500 Restricted Units |
| 2025-03-20 | Conversion of 2,800 Restricted Units to Common Stock |
Keywords
Form 4, OFG Bancorp, Director, Nestor De Jesus, Beneficial Ownership, Restricted Units, Common Stock, Section 16
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