Richard L. Carrion - 26 Oct 2021 Form 4 Insider Report for POPULAR, INC. (BPOP)

Role: Director
Signature: Marie Reyes-Rodriguez, Attorney-in-fact
Issuer symbol: BPOP
Transactions as of: 26 Oct 2021
Net transactions value: -$2,150,802
Form type: 4
Filing time: 26 Oct 2021, 18:17:47 UTC
Previous filing: 05 Oct 2021
Next filing: 05 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BPOP	Common Stock Par Value $0.01 per share	Sale	$2,150,802	-25,286	-11%	$85.06	207,712	26 Oct 2021	Direct	F1
holding	BPOP	Common Stock Par Value $0.01 per share						74,467	26 Oct 2021	Junior Investment	F2
holding	BPOP	Common Stock Par Value $0.01 per share						218	26 Oct 2021	by spouse	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
holding	BPOP	Restricted Stock Units						7,302	26 Oct 2021	Common Stock Par Value $0.01 per share	0		Direct	F4, F5

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

Explanation of Responses:

Id	Content
F1	This price is a weighted average price. These shares were sold in multiple transactions ranging from $84.95 to $85.13, inclusive. The reporting person undertakes to provide to the Corporation, any security holder of the Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F2	Represents Mr. Carrion's indirect ownership in the shares of Popular, Inc. owned by Junior Investment Corporation in which he has approximately 22.0140% interest.
F3	Shares held by the estate of Mr. Carrion's deceased spouse.
F4	Restricted stock units convert into common stock on a one-for-one basis.
F5	Restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person on the 15th of August following the date of termination of service as a director.