Form 4: OFG Bancorp Director Exercises Restricted Units into Common Stock
SEC Form 4 Filing
Nestor De Jesus, a director of OFG Bancorp, converted 1,700 restricted units into common stock on May 8, 2024.
Summary
- On May 8, 2024, Nestor De Jesus, a director of OFG Bancorp, executed a transaction involving the company's securities.
- Specifically, Mr. De Jesus converted 1,700 restricted units into common stock.
- Following this transaction, Mr. De Jesus directly owns 21,890 shares of common stock and 2,800 restricted units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares relative to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 2022/10/27 | Date of Limited Power of Attorney for Section 16 Reporting Obligations |
| 2023/04/26 | Date of grant of Restricted Units |
| 2024/05/08 | Date of transaction: Conversion of restricted units to common stock |
| 2024/05/10 | Date of signature of the Form 4 filing |
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