Richard L. Carrion - Jan 3, 2022 Form 4 Insider Report for POPULAR, INC. (BPOP)

Role
Director
Signature
Marie Reyes-Rodriguez, Attorney-in-fact
Stock symbol
BPOP
Transactions as of
Jan 3, 2022
Transactions value $
$0
Form type
4
Date filed
1/5/2022, 01:02 PM
Previous filing
Oct 26, 2021
Next filing
Feb 24, 2022

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 Will/Inheritance $0 -218 -100% $0.00* 0 Oct 18, 2021 by wife F2
holding BPOP Common Stock Par Value $0.01 per share 208K Jan 3, 2022 Direct
holding BPOP Common Stock Par Value $0.01 per share 74.5K Jan 3, 2022 Junior Investment F1

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 +41 +0.56% $0.00 7.34K Jan 3, 2022 Common Stock Par Value $0.01 per share 41 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 On October 18, 2021, 218.027 shares were distributed to Mr. Carrion's son as part of the liquidation of the estate of Mr. Carrion's deceased spouse, in a transaction exempt from Section 16 pursuant to Rule 16b5.
F3 Restricted stock units convert into common stock on a one-for-one basis.
F4 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.
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.