Form 4: OFG Bancorp Director Sue Harnett Reports Stock Transactions
SEC Form 4
Director Sue Harnett reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On March 7, 2025, OFG Bancorp Director Sue Harnett reported transactions involving the company's common stock.
- 2,800 restricted stock units vested and converted into common stock.
- 280 shares were withheld to cover applicable taxes at a price of $41.61 per share.
- Following these transactions, Harnett directly owns 7,120 shares of OFG Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the vesting of previously granted equity.
Key Dates
| Date | Description |
|---|---|
| 2022/10/27 | Date of Limited Power of Attorney for Section 16 Reporting Obligations |
| 2022/02/22 | Date of Restricted Units ('RUs') grant, 100% of which are represented in this transaction |
| 2024/02/23 | Date of Restricted Units ('RUs') grant, 100% of which are represented in this transaction |
| 2025/03/07 | Date of transaction: vesting of restricted stock units and tax withholding |
| 2025/03/11 | Date of signature for the Form 4 filing |
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