Form 4: OFG Bancorp Director Jorge Colon Sells Shares in Recent Transactions

Director Jorge Colon of OFG Bancorp recently sold shares of common stock in two separate transactions, reducing his direct holdings.

Summary

• On July 29, 2024, Jorge Colon, a director of OFG Bancorp, sold 33,081 shares of common stock at a price of $45.731 per share.
• Following this transaction, Colon directly owned 70,919 shares of OFG Bancorp.
• On July 30, 2024, Colon sold an additional 11,176 shares of common stock at $45.5551 per share.
• After the second transaction, Colon's direct ownership decreased to 59,743 shares.
• The sales were reported on a Form 4 filing with the SEC.
• Hugh Gonzalez, acting as Attorney-in-Fact for Jorge Colon, signed the report on July 31, 2024.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. It reflects insider selling, which can sometimes be interpreted negatively, but without further context, it's difficult to assess the full impact.

Industry Context

Insider sales are a common occurrence and are publicly disclosed to maintain transparency in the market. Investors often monitor these transactions for insights into management's perspective on the company's valuation and future prospects.

Key Dates