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POPULAR, INC. — Director's Dealing 2020
Mar 2, 2020
30696_dirs_2020-03-02_74cde924-e5b3-4917-a504-f070d1b0e095.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: POPULAR INC (BPOP)
CIK: 0000763901
Period of Report: 2020-02-27
Reporting Person: CHINEA MANUEL (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-02-27 | Common Stock Par Value $0.01 per share | A | 5826 | $0.00 | Acquired | 27230.593 | Direct |
| 2020-02-27 | Common Stock Par Value $0.01 per share | F | 2246 | $48.61 | Disposed | 24984.593 | Direct |
| 2020-02-27 | Common Stock Par Value $0.01 per share | A | 4938 | $0.00 | Acquired | 29922.593 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock | $ | Common Stock Par Value $0.01 per share (0) | 2839.58 | Direct |
Footnotes
F1: Award of restricted stock pursuant to Popular, Inc.'s Omnibus Incentive Plan. Eighty percent (80%) of the award vests in equal annual installments on each of February 23, 2021, 2022, 2023 and 2024, and twenty percent (20%) of the award vests upon termination of employment after attaining (x) age 55 with 10 years of service or (y) age 60 with 5 years of service.
F2: Each share of phantom stock is the economic equivalent of one share of the Corporation's common stock.
F3: Shares of phantom stock are payable following the termination of the reporting person's employment with the Corporation. The reporting person may transfer his phantom stock account into an alternative investment account at any time.