OFG.NYSEOfg Bancorp
Form 4: OFG Bancorp Director Jorge Colon Reports Stock Transaction
Sentiment:
SEC Form 4
Director Jorge Colon reports the vesting of restricted stock units into common stock of OFG Bancorp.
Summary
- On May 16, 2024, OFG Bancorp Director Jorge Colon reported a transaction involving the vesting of 1,700 restricted stock units.
- These units converted into 1,700 shares of common stock.
- Following the transaction, Colon directly owns 104,000 shares of OFG Bancorp common stock and 2,800 restricted units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of insider transactions.
Industry Context
This is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the conversion of existing restricted stock units into common stock.
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 |
| 2024/05/16 | Date of transaction: vesting of restricted stock units |
| 2024/05/17 | Date of Form 4 filing |
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