Colon Jorge

OFG Director Colon Jorge sells 25,000 shares ($1.0M) at $40.85; reduces stake 47.6%; extends pattern of well-timed exits

Director Jorge sold 25,000 shares at $40.85 on 2025-11-10, reducing his stake by 47.6% from 52,543 shares to 27,543 shares. This is his third open-market sale in the available record. His prior two sales at OFG (July 2024) both proved well-timed: the stock declined 10.8% and 14.8% respectively in the 90 days following those transactions. His cross-ticker track record shows a 100.00% well-timed rate on sells, with an average 90-day return of -12.8% post-sale. The current price of $40.75 sits 12.8% below the 52-week high of $46.72, suggesting the stock has cooled since earlier in the year. This sale adds to a demonstrated pattern of selling ahead of downward price pressure rather than selling into strength.

Director Colon Jorge sold 44,257 shares (44.3K shares) at $45.69 avg in 2 transactions, reducing stake by 42.6% to 59,743 shares (59.7K shares).

Colon Jorge, Director of OFG Bancorp, completed 2 separate sales totaling 44,257 shares for $2,021,951.01, executed on July 29–30, 2024 at prices of $45.73 and $45.56 respectively. The sale reduced his post-transaction holding to 59,743 shares from a pre-transaction position of 104,000 shares, representing a -42.6% reduction in stake. The stock is currently trading at $45.42, near the 52-week high of $46.84, with strong 30-day (+20.1%) and 90-day (+22.7%) price appreciation. The company trades at a P/E of 11.53 with net income of $49,692,000 on a market capitalization of $2,134,833,428.94. The timing of this substantial reduction coincides with elevated price levels relative to recent history, though no scheduled trading plan disclosure or prior track record is available to contextualize this sale within the director's typical transaction pattern.