Form 4: OFG Bancorp Director Reports Stock Transactions
SEC Form 4
Annette Franqui, a director of OFG Bancorp, reported the acquisition and disposition of common stock and restricted units.
Summary
- On March 20, 2025, Annette Franqui, a director of OFG Bancorp, reported transactions involving the company's securities.
- She disposed of 1,300 shares of common stock.
- She also acquired 1,300 restricted units that converted to common stock on March 20, 2025.
- On March 21, 2025, she acquired 1,500 restricted units, which will lapse in their entirety on the first anniversary of the award date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard part of regulatory compliance for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 08/11/2022 | Date of Limited Power of Attorney for Section 16 Reporting Obligations |
| 02/23/2024 | Date of grant of Restricted Units, 100% of which are represented by the transaction on 03/20/2025 |
| 02/20/2025 | Date of grant of Restricted Units, 100% of which are represented by the transaction on 03/21/2025 |
| 03/20/2025 | Transaction date for the disposition of 1,300 shares of common stock and acquisition of 1,300 restricted units. |
| 03/21/2025 | Transaction date for the acquisition of 1,500 restricted units. |
Keywords
OFG Bancorp, Form 4, Director, Stock, Restricted Units, Beneficial Ownership, Securities
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