Ortiz Cesar A sold ~$251K in OFG Bancorp stock
OFG Bancorp (OFG) · Managing Director Corp Perform · Data via SEC EDGAR Form 4
Price Performance · 10 days before → 90 days after trade
▲ = insider buy date
90-day return
+21.9%vs SPY +10.4%
Trade Details · Public SEC Filing
Insider
Ortiz Cesar A
Role
Managing Director Corp Perform
Transaction
Open-Market Sale
Approx. Value
~$251K
Trade Date
Mar 3, 2021
Company
OFG Bancorp
Ticker
OFGSource
SEC EDGAR Form 4
Why This Trade Stands Out
Strong conviction signal
Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.
~$251K sale
A meaningful investment of personal capital. The average insider purchase is around $150K, putting this in the typical range for serious positions.
Managing Director Corp Perform
Board directors review strategy, financials, and major decisions at the highest level. Their purchases often reflect confidence in long-term direction.
3 insiders traded in the same window
When multiple insiders independently buy within 30 days, it's called a cluster. Studies show clustered insider purchases outperform solo trades significantly, because several people with inside knowledge are reaching the same conclusion.
+21.9% in 90 days (S&P 500: +10.4%)
This trade beat the S&P 500 by 11.6 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.
How good is Ortiz Cesar A at picking stocks?
Full track record: win rate, average return, and performance vs S&P 500
Ortiz Cesar A wasn't the only one selling.
3 insiders at OFG Bancorp traded within the same 30-day window.
See who else bought · FreeOn March 3, 2021, Ortiz Cesar A — Managing Director Corp Perform of OFG Bancorp — filed a Form 4 with the SEC disclosing an open-market sale of approximately ~$251K in OFG Bancorp (OFG) stock.
This transaction was part of a cluster — 3 insiders at OFG Bancorp made open-market sales within the same 30-day window. Cluster activity from multiple independent insiders is one of the most studied patterns in insider trading research.
Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.
In the 90 days following this trade, OFG returned +21.9% versus +10.4% for the S&P 500 over the same period.
VeritySignals Conviction Analysis
Full Conviction Analysis
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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.
At a Glance
More OFG Insider Activity
Kumar Ganesh
Jul 24, 2023
~$4.7M
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Colon Jorge
Aug 30, 2022
~$151K
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Colon Jorge
Apr 25, 2022
~$500K
STRONG
INCLAN JULIAN
Feb 3, 2022
~$693K
VS
How to Read Insider Trades
What is this?
When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.
Why does it matter?
Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.
What makes a trade "strong"?
We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.
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