OFG Bancorp director converts 50 units, 5 for taxes
OFG BANCORP (OFG) director Roberto Garcia Rodriguez reported equity compensation-related transactions in company stock.
Rhea-AI Filing Summary
OFG BANCORP (OFG) director Roberto Garcia Rodriguez reported equity compensation-related transactions in company stock. On August 26, 2026, he exercised 50 Restricted Units into 50 shares of Common Stock, and 5 of those shares were withheld by OFG Bancorp to pay applicable tax liabilities at $51.78 per share. Following the exercise, he held 1,500 Restricted Units that continue to convert into Common Stock on a one-for-one basis under the company’s Amended and Restated 2007 Omnibus Performance Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
50 shares exercised/converted
Exercise
3 txns
Insider
Garcia Rodriguez Roberto
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Units F3, F4, F1 | 50 | -- | -- |
| Grant/Award | Common Stock F1 | 50 | -- | -- |
| Tax Withholding | Common Stock F2 | 5 | $51.78 | $258.90 |
Holdings After Transaction:
Restricted Units — 1,500 contracts (Direct);
Common Stock — 315 shares (Direct)
Footnotes (4)
- F1. Not applicable.
- F2. Represents shares of Common Stock withheld against Restricted Units for the payment of applicable taxes.
- F3. Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan (the "Plan") per grant of Restricted Units ("RU's") of August 20, 2025.
- F4. The Restricted Units convert to Common Stock on a one-for-one basis.
Key Figures
Restricted Units exercised: 50 units
Restricted Units following transaction: 1,500 units
Common Stock acquired from exercise: 50 shares
+2 more
5 metrics
Restricted Units exercised
50 units
Restricted Units exercised into Common Stock on August 26, 2026
Restricted Units following transaction
1,500 units
Restricted Units held after the August 26, 2026 exercise
Common Stock acquired from exercise
50 shares
Shares of OFG Bancorp Common Stock received from Restricted Unit conversion
Shares withheld for taxes
5 shares
Common Stock withheld to pay applicable tax liability
Tax withholding price per share
$51.78 per share
Value of OFG Bancorp Common Stock used for tax withholding on August 26, 2026
Key Terms
Restricted Units, OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan, Common Stock, tax liability
4 terms
Restricted Units financial
"Represents shares of Common Stock withheld against Restricted Units for the payment"
OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan financial
"Awarded pursuant to the OFG Bancorp Amended and Restated 2007 Omnibus"
Common Stock financial
"Represents shares of Common Stock withheld against Restricted Units"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
tax liability financial
"withheld against Restricted Units for the payment of applicable taxes"
FAQ
What insider transactions did OFG director Roberto Garcia Rodriguez report on this Form 4 for OFG?
He exercised 50 Restricted Units into 50 shares of Common Stock on August 26, 2026, and 5 shares were withheld by OFG Bancorp to satisfy tax liabilities at $51.78 per share. He continues to hold 1,500 Restricted Units after these transactions.
How many Restricted Units did the OFG director convert to common stock in this filing for OFG?
The director converted 50 Restricted Units into 50 shares of Common Stock on August 26, 2026. The Restricted Units convert into Common Stock on a one-for-one basis under OFG Bancorp’s Amended and Restated 2007 Omnibus Performance Incentive Plan.
What is the remaining Restricted Unit balance reported by the OFG director in this Form 4?
After the August 26, 2026 exercise, the director reported holding 1,500 Restricted Units. These awards were granted under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan and convert to Common Stock on a one-for-one basis.
Were the OFG insider’s transactions under a Rule 10b5-1 trading plan for OFG stock?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked, and there is no footnote stating these OFG stock transactions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.