Richard L. Carrion - Feb 22, 2022 Form 4 Insider Report for POPULAR, INC. (BPOP)

Role
Director
Signature
Marie Reyes-Rodriguez, Attorney-in-fact
Stock symbol
BPOP
Transactions as of
Feb 22, 2022
Transactions value $
-$451,979
Form type
4
Date filed
2/24/2022, 02:24 PM
Previous filing
Jan 5, 2022
Next filing
Apr 5, 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 Award $0 +15.3K +7.37% $0.00 223K Feb 22, 2022 Direct F1
transaction BPOP Common Stock Par Value $0.01 per share Tax liability -$452K -5.05K -2.27% $89.43 218K Feb 22, 2022 Direct
holding BPOP Common Stock Par Value $0.01 per share 74.5K Feb 22, 2022 Junior Investment F2

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 7.34K Feb 22, 2022 Common Stock Par Value $0.01 per share 0 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired represent common stock earned pursuant to a grant of Performance Shares awarded on February 14, 2019 while the reporting person was the Executive Chairman of the Issuer.
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 Restricted stock units convert into common stock on a one-for-one basis.
F4 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.