Form 4: OFG Bancorp Executive Cesar A. Ortiz Reports Stock Transactions
SEC Form 4
Cesar A. Ortiz, Chief Risk Officer of OFG Bancorp, reports the acquisition and disposal of common stock and restricted units on March 5, 2025.
Summary
- On March 5, 2025, Cesar A. Ortiz, Chief Risk Officer of OFG Bancorp, reported transactions involving the company's securities.
- Ortiz acquired 1,950 shares of common stock.
- He also disposed of 1,199 shares of common stock to cover tax obligations related to restricted units, at a price of $41.63 per share.
- Following these transactions, Ortiz beneficially owns 5,851 shares of common stock.
- The transactions also involved restricted units, with 1,950 units converting to common stock.
- After the reported transactions, Ortiz holds 2,450 restricted units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
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.
Key Dates
| Date | Description |
|---|---|
| 2022/02/22 | Date of one of the grants of Restricted Units (RUs) that make up 33% of the total. |
| 2022/07/29 | Date of Limited Power of Attorney for Section 16 Reporting Obligations. |
| 2023/02/21 | Date of one of the grants of Restricted Units (RUs) that make up 33% of the total. |
| 2024/02/23 | Date of one of the grants of Restricted Units (RUs) that make up 33% of the total. |
| 2025/03/05 | Date of the reported transactions: acquisition and disposal of common stock and conversion of restricted units. |
| 2025/03/07 | Date of signature for the Form 4 filing. |
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