OFG Bancorp CEO Jose Rafael Fernandez Gifts 600 Shares

What Happened
Jose Rafael Fernandez, CEO (also Chairman and Director) of OFG Bancorp (OFG), reported a disposition by gift of 600 shares on September 9, 2026. The filing lists this as a gift (transaction code G); no sale price or proceeds are reported because this was a bona fide gift.

Key Details

• Transaction date: 2026-09-09 (reported on Form 4 filed 2026-09-11).
• Transaction type/code: Gift (G) — disposition of 600 shares; price: N/A; proceeds: N/A.
• Footnote: F1 — the transaction is a bona fide gift with no consideration received.
• Shares owned after transaction: not specified in the summary filing.
• Timeliness: Filed within the normal Form 4 window (reported two days after the transaction).

Context
Gifts are transfers of shares (often to family members or charities) and do not necessarily reflect the insider’s view on the company’s outlook. This transaction is a disposition by gift rather than an open-market sale or a purchase; it generated no cash proceeds for the insider.