{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-21-231523","form_type":"8-K","ticker":"OFG","cik":"0001030469","company_name":"OFG BANCORP","filed_at":"2021-07-30T23:59:59+00:00","discovered_at":"2026-05-14T18:04:16.904713+00:00","generated_at":"2026-06-30T00:13:45.269729+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"CEO José Rafael Fernández enters new employment agreement with base salary $935k, three-year term","bullets":["New employment agreement for CEO José Rafael Fernández effective July 1, 2021; term ends June 30, 2024.","Base salary of $935,000; annual expense allowance of $100,000; $3M term life insurance; 25 vacation days.","Severance: if terminated without cause (not change in control), lump sum of 3x (base salary + avg cash bonus over 2 years).","Amended change in control agreement: 3x (base salary + last cash bonus) upon qualifying termination after change in control."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-21-231523","json":"https://secwatch.observer/filing/0001193125-21-231523.json","markdown":"https://secwatch.observer/filing/0001193125-21-231523.md","text":"https://secwatch.observer/filing/0001193125-21-231523.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1030469/000119312521231523/0001193125-21-231523-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1030469/000119312521231523/d204967d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-30T00:13:45.269729+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}