OFG.NYSEOfg Bancorp

Form 4: OFG Bancorp Director Sue Harnett Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Director Sue Harnett reports the acquisition and disposal of OFG Bancorp common stock related to restricted unit conversions for tax obligations.

Summary

  • On May 1, 2024, Sue Harnett, a director of OFG Bancorp, reported transactions involving the company's common stock.
  • These transactions included the acquisition of 1,700 shares through the conversion of restricted units and the disposal of 170 shares to cover tax obligations.
  • The disposal was executed at a price of $36.3 per share.
  • Following these transactions, Harnett directly owns 4,600 shares of OFG Bancorp common stock and 2,800 restricted units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

  • The transactions have a minimal impact on stakeholders as they represent a small portion of the overall outstanding shares.

Key Dates

DateDescription
October 27, 2022Date of Limited Power of Attorney execution by Susan S. Harnett.
April 26, 2023Date of grant of Restricted Units, 100% of which were vested.
May 01, 2024Date of stock transactions: acquisition of 1,700 shares via restricted unit conversion and disposal of 170 shares for tax obligations.
May 03, 2024Date of signature for the Form 4 filing.

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