Form 4: OFG Bancorp Director Julian Inclan Donates 12,000 Shares of Common Stock
SEC Form 4 Filing
Julian Inclan, a retired director of OFG Bancorp, donated 12,000 shares of common stock on June 27, 2024.
Summary
- On June 27, 2024, Julian Inclan, a retired director of OFG Bancorp, donated 12,000 shares of the company's common stock.
- Following the transaction, Inclan directly owns 99,486.191 shares of OFG Bancorp common stock.
- The donation was reported on Form 4, filed with the SEC on July 1, 2024.
- Inclan has a Limited Power of Attorney in place, effective October 27, 2022, authorizing individuals to file Section 16 reports on his behalf.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a donation of shares. It doesn't inherently convey positive or negative sentiment regarding the company's performance or outlook.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company insiders. It is typical for directors and officers to make donations of stock.
Stakeholder Impact
- The donation of shares by a director could be perceived positively by stakeholders as a philanthropic gesture.
Key Dates
| Date | Description |
|---|---|
| 2022/10/27 | Date of Limited Power of Attorney for Section 16 Reporting Obligations |
| 2024/05/08 | Julian Inclan's retirement date as director |
| 2024/06/27 | Date of common stock donation |
| 2024/07/01 | Date of Form 4 filing |
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