Carlos Unanue - Jul 1, 2021 Form 4 Insider Report for POPULAR, INC. (BPOP)

Role: Director
Signature: Marie Reyes-Rodriguez, Attorney-in-fact
Stock symbol: BPOP
Transactions as of: Jul 1, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/6/2021, 01:01 PM
Previous filing: May 10, 2021
Next filing: Aug 31, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BPOP	Common Stock Par Value $0.01 per share						53.5K	Jul 1, 2021	Direct	F1
holding	BPOP	Common Stock Par Value $0.01 per share						75.7K	Jul 1, 2021	By mother	F2
holding	BPOP	Common Stock Par Value $0.01 per share						5.33K	Jul 1, 2021	Island Can Corp.	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BPOP	Restricted Stock Units	Award	$0	+72	+0.6%	$0.00	12.2K	Jul 1, 2021	Common Stock Par Value $0.01 per share	72		Direct	F4, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 218.411 shares acquired pursuant to reinvestment of dividends paid by the Corporation. The shares were acquired in transaction exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder.
F2	Mr. Unanue disclaims beneficial ownership of Popular, Inc.'s shares held by his mother.
F3	Represents 8.33% of Popular, Inc.'s common stock held by Island Can Corp. of which Mr. Unanue has an ownership interest of 8.33% and is General Manager.
F4	Restricted stock units convert into common stock on a one-for-one basis.
F5	Reflects Restricted Stock Units ("RSUs") received by the reporting person as a result of dividend equivalents accrued with respect to outstanding RSUs granted to the reporting person. Dividend equivalents are accrued at the same rate and at the same time as dividends are paid to ordinary shareholders. Dividend equivalents on RSUs are subject to the same terms and conditions as the underlying RSUs.
F6	Restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person in equal annual installments on each 15th of August of the first five years following the date of termination of service as a director.