Form 4: OFG Bancorp Executive Haggarty Settles Performance Share Units, Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Patrick J. Haggarty, a Managing Director at OFG Bancorp, settled performance share units and disposed of shares to cover tax obligations on February 11, 2025.
Summary
- On February 11, 2025, Patrick J. Haggarty, a Managing Director at OFG Bancorp, settled performance share units, receiving 2,175 shares of common stock.
- Simultaneously, Haggarty disposed of 511 shares of common stock at a price of $43.03 to cover applicable taxes.
- Following these transactions, Haggarty directly owns 24,839 shares of OFG Bancorp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for executives holding company stock.
Stakeholder Impact
- The transactions have a minimal impact on stakeholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2023-01-26 | Date of Limited Power of Attorney for Section 16 Reporting Obligations granted by Patrick J. Haggarty. |
| 2025-02-11 | Date of transaction: settlement of performance share units and disposal of shares for tax obligations. |
| 2025-02-13 | Date of signature of the Form 4 filing by Attorney-in-Fact for Haggarty Patrick J. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.