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

Role: Director
Signature: Marie Reyes-Rodriguez, Attorney-in-fact
Issuer symbol: BPOP
Transactions as of: 22 Feb 2022
Net transactions value: -$451,979
Form type: 4
Filing time: 24 Feb 2022, 14:24:00 UTC
Previous filing: 05 Jan 2022
Next filing: 05 Apr 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	Award	$0	+15,310	+7.4%	$0.000000	223,022	22 Feb 2022	Direct	F1
transaction	BPOP	Common Stock Par Value $0.01 per share	Tax liability	$451,979	-5,054	-2.3%	$89.43	217,968	22 Feb 2022	Direct
holding	BPOP	Common Stock Par Value $0.01 per share						74,467	22 Feb 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						7,343	22 Feb 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.