The megathrust fault between the underthrusting Cocos plate and overriding Caribbean plate recently experienced three large ruptures: the August 27, 2012 (Mw 7.3) El Salvador; September 5, 2012 (Mw 7.6) Costa Rica; and November 7, 2012 (Mw 7.4) Guatemala earthquakes. All three events involve shallow-dipping thrust faulting on the plate boundary, but they had variable rupture processes. The El Salvador earthquake ruptured from about 4 to 20 km depth, with a relatively large centroid time of ∼19 s, low seismic moment-scaled energy release, and a depleted teleseismic short-period source spectrum similar to that of the September 2, 1992 (Mw 7.6) Nicaragua tsunami earthquake that ruptured the adjacent shallow portion of the plate boundary. The Costa Rica and Guatemala earthquakes had large slip in the depth range 15 to 30 km, and more typical teleseismic source spectra. Regional seismic recordings have higher short-period energy levels for the Costa Rica event relative to the El Salvador event, consistent with the teleseismic observations. A broadband regional waveform template correlation analysis is applied to categorize the focal mechanisms for larger aftershocks of the three events. Modeling of regional wave spectral ratios for clustered events with similar mechanisms indicates that interplate thrust events have corner frequencies, normalized by a reference model, that increase down-dip from anomalously low values near the Middle America trench. Relatively high corner frequencies are found for thrust events near Costa Rica; thus, variations along strike of the trench may also be important. Geodetic observations indicate trench-parallel motion of a forearc sliver extending from Costa Rica to Guatemala, and low seismic coupling on the megathrust has been inferred from a lack of boundary-perpendicular strain accumulation. The slip distributions and seismic radiation from the large regional thrust events indicate relatively strong seismic coupling near Nicoya, Costa Rica, patchy zones of strong seismic coupling in the shallowest megathrust region along Nicaragua and El Salvador, and small deeper patchy zones of strong seismic coupling near Guatemala, which can be reconciled with the geodetic observations as long as the strong coupling is limited to a small fraction of the megathrust area.