Cesar A. Ortiz, Chief Risk Officer at OFG Bancorp (OFG), has demonstrated a consistent pattern of selling activity in the company’s stock over the past two years, with no recorded purchases. According to SEC Form 4 filings, Ortiz has executed 26 transactions totaling $588,325 in sales, all involving OFG shares. The most notable sale occurred on December 15, 2025, when Ortiz disposed of shares worth $231,962.50. Smaller but recurring dispositions have been recorded throughout 2026, including multiple transactions in March—$15,562.64 on March 10, followed by two sales totaling $33,306.14 on March 4. Earlier in February 2026, Ortiz sold shares worth $80,291.96, reinforcing the trend of periodic divestment.
The transactions appear structured, with a mix of automatic dispositions (coded "F" for tax withholding or "M" for gift) and open-market sales (coded "S"). Notably, Ortiz’s activity includes no discretionary buys, suggesting a focus on reducing exposure rather than accumulating shares. The sales have been spaced across multiple months, with the largest concentrated in late 2025 and early 2026. While some filings reflect minor transactions—such as three sub-$20,000 sales on February 26, 2024—the overall direction points to a steady unwinding of holdings in OFG, a Puerto Rico-based financial services firm. The absence of buying activity distinguishes Ortiz’s trading history from insiders who balance sales with acquisitions.
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