OFG Insider Form 4: Fernandez Donates 15k Shares to Charity

Rhea-AI Filing Summary

OFG Bancorp (OFG) – Form 4 insider transaction. CEO & Chairman José Rafael Fernandez filed on 24-Jul-2025 for a 22-Jul-2025 transaction coded “G,” indicating a charitable gift of 15,000 common shares. No sale price was involved, so there is no cash implication for the executive or the company. After the donation, Fernandez directly owns 215,274.688 shares.

The gifted shares represent roughly 7% of his reported stake and an immaterial fraction of OFG’s public float, so the move is unlikely to affect market liquidity or signal a change in strategic outlook. G-code transactions generally have neutral trading impact because shares leave the insider’s control without creating selling pressure. Investors may view the action as positive from a governance and philanthropic standpoint, but it does not alter the executive’s alignment meaningfully nor provide valuation data.

Insights

Senior Securities Analyst

TL;DR: Small charitable gift by CEO; neutral market impact.

The Form 4 discloses a 15k-share donation by OFG’s CEO, reducing his direct stake to ~215k shares. Because the transaction is non-sale (Code G) and modest relative to both his holdings and the company’s float, it carries no substantive signal on valuation, liquidity, or insider sentiment. The filing satisfies Section 16 requirements and reinforces transparent governance. From a portfolio standpoint, the event is not impactful enough to influence position sizing or risk models.

Insider Trade Summary

15,000 shares gifted

Mixed 1 txn

Insider FERNANDEZ JOSE RAFAEL

Role CEO; Chairman BOD

Type	Security	Shares	Price	Value
Gift	Common Stock	15,000	$0.00	--

Holdings After Transaction: Common Stock — 215,274.688 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

FERNANDEZ JOSE RAFAEL

(Last) (First) (Middle)

PO BOX 195115

(Street)

SAN JUAN PUERTO RICO PR 00919-5115

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
OFG BANCORP [ OFG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO; Chairman BOD

3. Date of Earliest Transaction (Month/Day/Year)
07/22/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/22/2025		G		15,000	D	(1)	215,274.688	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The transaction reported in this Form 4 represents a charitable donation of common stock by Mr. Fernandez, the Company's CEO and Chairperson.

Remarks:

	/s/ Hugh Gonzalez, Attorney-in-Fact for FERNANDEZ JOSE RAFAEL	07/24/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many OFG shares did CEO José Rafael Fernandez gift?

He donated 15,000 common shares on 22-Jul-2025.

What is the insider’s remaining direct ownership after the transaction?

Fernandez now holds 215,274.688 OFG common shares directly.

What does transaction code “G” mean in this Form 4?

Code G denotes a gift, typically a charitable donation, with no sale proceeds.

Does the filing indicate a sale that could pressure OFG’s share price?

No. It is a non-sale charitable gift; therefore, it should not create market selling pressure.

When was the Form 4 filed and for what transaction date?

Filed on 24-Jul-2025 for a transaction executed on 22-Jul-2025.