Form 4: OFG Bancorp Executive Ganesh Kumar Reports Stock Sales
SEC Form 4
Ganesh Kumar, Chief Strategy Officer, US, of OFG Bancorp, reported the sale of common stock over three days in May 2024.
Summary
- Ganesh Kumar, Chief Strategy Officer, US, of OFG Bancorp, filed a Form 4 detailing the sale of OFG Bancorp common stock.
- The transactions occurred between May 6, 2024, and May 8, 2024.
- A total of 20,074 shares were sold on May 6 at a price of $38.0045 per share.
- On May 7, 8,062 shares were sold at $38.0366 per share.
- Finally, on May 8, 6,695 shares were sold at $37.9285 per share.
- Following these transactions, Kumar directly owns 76,578 shares of OFG Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock sales by an officer. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of stock sales by a company insider, which is common in the financial industry. It provides transparency into the trading activities of key personnel.
Key Dates
| Date | Description |
|---|---|
| 06/29/2022 | Date of Ganesh Kumar's Limited Power of Attorney |
| 05/06/2024 | Date of first reported transaction: Sale of 20,074 shares at $38.0045 |
| 05/07/2024 | Date of second reported transaction: Sale of 8,062 shares at $38.0366 |
| 05/08/2024 | Date of third reported transaction: Sale of 6,695 shares at $37.9285 |
| 05/08/2024 | Date of Form 4 filing |
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