POPULAR, INC. — Director's Dealing 2021

Aug 31, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR, INC. (BPOP)
CIK: 0000763901
Period of Report: 2021-08-27

Reporting Person: UNANUE CARLOS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-27	Common Stock Par Value $0.01 per share	S	6681	$77.332	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Par Value $0.01 per share	53532.519	Direct
Common Stock Par Value $0.01 per share	75731	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock Par Value $0.01 per share (0)	12165	Direct

Footnotes

F1: Represents 8.33% of the shares of common stock disposed of by Tradewind Foods, Inc. of which the reporting person has an ownership interest of 8.33% and is President and General Manager. Includes (i) 5,331 shares of common stock previously owned by Island Can Corp., which were subsequently transferred to Tradewind Foods, Inc. on June 15, 2015 and (ii) 1,350 shares of common stock owned by Tradewind Foods, Inc., which were acquired prior to February 4, 2010, as reported on the Amended Form 3 filed on the date hereof. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F2: This price is a weighted average price. These shares were sold in multiple transactions ranging from $77.10 to $77.64, 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.

F3: Mr. Unanue disclaims beneficial ownership of Popular, Inc.'s shares held by his mother.

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 in equal annual installments on each 15th of August of the first five years following the date of termination of service as a director.