Form 4: OFG Bancorp Director Jorge Colon Reports Stock Transaction
SEC Form 4 Filing
Director Jorge Colon reports the vesting of restricted stock units into OFG Bancorp common stock.
Summary
- On March 11, 2024, OFG Bancorp Director Jorge Colon reported a transaction involving the vesting of restricted stock units.
- 2,300 restricted stock units converted into 2,300 shares of common stock.
- Following the transaction, Colon directly owns 102,300 shares of OFG Bancorp common stock and 4,500 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
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 slightly increases the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 2021-02-17 | Date of grant of Restricted Units |
| 2022-10-27 | Date of Limited Power of Attorney |
| 2024-03-11 | Date of transaction (vesting of restricted stock units) |
| 2024-03-13 | Date of signature of the report |
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