Rodriguez Mari Evelyn 4
Research Summary
AI-generated summary
OFG Bancorp Chief Retail Banking Officer Mari Rodriguez Receives 660 Shares
What Happened
- Mari Evelyn Rodriguez, Chief Retail Banking Officer at OFG Bancorp (OFG), received/converted 660 restricted units into 660 shares on March 4, 2026. Of those shares, 183 were withheld to cover taxes (183 shares x $42.66 = $7,807). The grant/award portion represents 33% of a restricted-unit grant made Feb 20, 2025.
Key Details
- Transactions reported: Award/Grant (A) of 660 RUs; Exercise/Conversion (M) of 660 RUs into common stock; Tax withholding (F) of 183 shares at $42.66 (proceeds $7,807).
- Date of transaction(s): March 4, 2026. Form 4 filed March 6, 2026 (timely filing).
- Shares owned after the transaction: not stated in the provided filing.
- Footnotes: RUs awarded under the OFG Bancorp Amended and Restated 2007 Omnibus Performance Incentive Plan and represent 33% of a Feb 20, 2025 grant (F3). Restricted units convert 1:1 to common stock (F4). 183 shares were withheld to satisfy tax obligations (F2).
- Transaction codes: A = award/grant, M = exercise/conversion of derivative, F = tax withholding.
Context
- This was not an open-market sale; the 183-share disposition was a withholding to satisfy taxes on the restricted units—common practice when restricted units vest/convert. The filing does not indicate any market sale of shares by the insider.