POPULAR, INC. — Director's Dealing 2021

Jul 6, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR, INC. (BPOP)
CIK: 0000763901
Period of Report: 2021-07-01

Reporting Person: CARRION RICHARD L (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-01	Restricted Stock Units	$	A	44	Acquired		Common Stock Par Value $0.01 per share (44)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Par Value $0.01 per share	232998	Direct
Common Stock Par Value $0.01 per share	74467	Indirect
Common Stock Par Value $0.01 per share	216.905	Indirect

Footnotes

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: Includes 1.141 shares acquired pursuant to reinvestment of dividends paid by the Corporation. The shares were acquired in transaction exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder.

F3: Shares held by the estate of Mr. Carrion's deceased spouse.

F4: Restricted stock units convert into common stock on a one-for-one basis.

F5: 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.

F6: 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.