Form 4: OFG Bancorp Executive Ada Garcia Reports Stock Transactions

Ada Garcia, a Managing Director at OFG Bancorp, reported the acquisition and disposal of common stock related to a performance share unit settlement.

Summary

• Ada Garcia, a Managing Director Customer Intelligence at OFG Bancorp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On February 11, 2025, Ms. Garcia acquired 2,175 shares of common stock upon settlement of a performance share unit award under the company's 2007 Omnibus Performance Incentive Plan.
• On the same day, she disposed of 641 shares to cover applicable taxes at a price of $43.03 per share.
• Following these transactions, Ms. Garcia directly owns 32,407 shares of OFG Bancorp common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.

Positives

• The acquisition of shares through performance share units suggests that Ms. Garcia is meeting performance goals.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices at OFG Bancorp.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

Keywords

OFG Bancorp, Form 4, Beneficial Ownership, Stock Transaction, Performance Share Units, Ada Garcia