Form 4: OFG Bancorp Director Jorge Colon Sells 10,000 Shares
SEC Form 4
Director Jorge Colon of OFG Bancorp sold 10,000 shares of common stock at a price of $46.4018 per share on November 6, 2024.
Summary
- On November 6, 2024, Jorge Colon, a director of OFG Bancorp, sold 10,000 shares of the company's common stock.
- The sale was executed at a price of $46.4018 per share.
- Following the transaction, Colon directly owns 49,743 shares of OFG Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of a transaction by a company insider. It's common for directors and officers to buy and sell shares of their company's stock, and these transactions are reported to the SEC to ensure transparency.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the director's reasons for selling.
Key Dates
| Date | Description |
|---|---|
| 2022-10-27 | Date of Limited Power of Attorney for Section 16 Reporting Obligations |
| 2024-11-06 | Date of transaction: Sale of 10,000 shares of OFG Bancorp common stock |
| 2024-11-08 | Date of Form 4 filing |
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