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  4. [144] OFG BANCORP SEC Filing

OFG Bancorp (NYSE: OFG) holder lists equity award and purchased shares for Rule 144 sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

OFG Bancorp affiliate plans a Rule 144 sale of common stock. The security holder lists multiple lots of OFG common stock to be sold, including shares acquired through equity awards on 06/08/2023 (15,862 shares), 02/26/2024 (2,534 and 4,903 shares), 11/16/2022 (17,953 shares), and older grants from 2013 and 2016, as well as three 1,000-share open-market purchases on 12/19/2018.

Positive

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Negative

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Equity award lot 15,862 shares Common stock acquired 06/08/2023 via Equity Award
Equity award lot 2,534 shares Common stock acquired 02/26/2024 via Equity Award
Equity award lot 4,903 shares Common stock acquired 02/26/2024 via Equity Award
Equity award lot 3,500 shares Common stock acquired 01/29/2013 via Equity Award
Equity award lot 4,600 shares Common stock acquired 02/02/2016 via Equity Award
Equity award lot 17,953 shares Common stock acquired 11/16/2022 via Equity Award
Open-market purchase lots 1,000 shares each Three common stock lots purchased 12/19/2018 for cash
Rule 144 regulatory
"plans a Rule 144 sale of common stock"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Equity Award financial
"Common Stock | 06/08/2023 | Equity Award | Issuer"
An equity award is a form of pay where a company gives employees, executives or other stakeholders the right to own or buy company shares—either immediately or after meeting certain conditions. Think of it like receiving slices of the company pie now or coupons to claim slices later; it matters to investors because it affects ownership dilution, executive incentives and reported compensation costs, and signals how management is being rewarded and retained.
Open Market financial
"Common Stock | 12/19/2018 | Purchase | Open Market"
An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What does OFG’s Form 144 indicate about upcoming stock transactions?
The Form 144 indicates a holder of OFG common stock intends to sell shares under Rule 144. The listed lots include equity awards from 2013, 2016, 2018, 2022, 2023 and open-market purchases from 12/19/2018.

How many OFG shares from recent equity awards are listed for potential Rule 144 sale?
The holder lists recent equity award lots of 15,862 shares (06/08/2023), 2,534 shares (02/26/2024), 4,903 shares (02/26/2024), and 17,953 shares (11/16/2022). These lots form part of the shares proposed for sale.

What are the sources of OFG (OFG) shares listed for sale under Rule 144?
The shares come from equity awards granted by the issuer on several dates and from open-market purchases made on 12/19/2018. Each lot is itemized with its acquisition date, nature of acquisition, and share count.

Are recent sales of OFG (OFG) stock disclosed in the past three months section?
The section for securities sold during the past three months appears without populated transaction details. The document instead focuses on listing share lots that may be sold under Rule 144 going forward.

What types of consideration were used to acquire the OFG (OFG) shares listed?
Shares were acquired through equity awards from the issuer, typically shown as “Not applicable” for cash, and through cash open-market purchases for three 1,000-share lots on 12/19/2018, which are also listed for potential sale.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR