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OFG BANCORP — Director's Dealing 2022
Jan 28, 2022
31700_dirs_2022-01-28_66ca1736-5dba-48ac-9af6-226d9ee9f4db.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: OFG BANCORP (OFG)
CIK: 0001030469
Period of Report: 2022-01-26
Reporting Person: Ortiz Cesar A (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-01-26 | Common Stock | M | 6000.00 | $16.10 | Acquired | 6000.00 | Direct |
| 2022-01-26 | Common Stock | F | 3477.00 | $27.78 | Disposed | 2523.00 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-01-26 | Qualified Stock Options | $16.10 | M | 6000.00 | Disposed | 2024-02-27 | Common Stock (6000.00) | Direct |
Footnotes
F1: Represents a "net exercise" of outstanding stock options. The reporting person received 2,523 shares of Common Stock on net exercise of option to purchase 6,000 shares of Common Stock. The Issuer withheld 3,477 shares of Common Stock underlying the option for payment of the exercise price, using the closing stock price on January 25, 2022.
F2: Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan. These options represented a right to buy the underlying securities.
F3: The executive is exercising a derivative security.
F4: The Award became exercisable at the rate of 25% per year commencing on February 27, 2016.