FERNANDEZ JOSE RAFAEL 4

What Happened
Jose Rafael Fernandez, CEO and Chairman of the Board at OFG Bancorp (OFG), made a disposition by gifting 10,000 shares on April 23, 2026. The Form 4 records the transaction as code "G" (gift); no per‑share price or total value is reported for this transaction.

Key Details

• Transaction date: 2026-04-23 (reported on Form 4 filed 2026-04-24). Filing appears timely.
• Transaction type/code: Gift (G) — disposition, not a sale for consideration.
• Shares transferred: 10,000 shares. Price/total value: N/A (not reported).
• Shares owned after transaction: Not specified in this filing.
• Footnote: F1 states this was a bona fide gift with no consideration received.

Context
Gifts are reportable dispositions but do not necessarily reflect the insider’s view of the company’s prospects (they can be for personal, family, or estate planning reasons). Because this was a gift rather than a market sale or purchase, it should be interpreted differently from typical buy/sell signals.