Form 4: OFG Bancorp Executive Cesar A. Ortiz Reports Stock Transactions
SEC Form 4 Filing
Cesar A. Ortiz, Chief Risk Officer of OFG Bancorp, reports the acquisition and disposal of common stock related to a performance share unit award.
Summary
- Cesar A. Ortiz, Chief Risk Officer of OFG Bancorp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 11, 2025, Ortiz acquired 2,175 shares of common stock upon settlement of a performance share unit award.
- On the same day, Ortiz disposed of 902 shares of common stock to cover applicable taxes at a price of $43.03 per share.
- Following these transactions, Ortiz directly owns 5,100 shares of OFG Bancorp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions by an executive.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they relate to executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 2022/07/29 | Date of Limited Power of Attorney for Section 16 Reporting Obligations |
| 2025/02/11 | Date of stock acquisition and disposal |
| 2025/02/13 | Date of Form 4 signature |
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