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POPULAR, INC. — Director's Dealing 2021
Feb 26, 2021
30696_dirs_2021-02-26_a5af3309-aad5-4ba8-90e0-ba1f227ed03d.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: 2021-02-25
Reporting Person: CARRION RICHARD L (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-25 | Common Stock Par Value $0.01 per share | A | 19474 | $0.00 | Acquired | 239426 | Direct |
| 2021-02-25 | Common Stock Par Value $0.01 per share | F | 6428 | $67.56 | Disposed | 232998 | Direct |
| 2021-02-25 | Common Stock Par Value $0.01 per share | J | 773 | $0.00 | Acquired | 74467 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock Par Value $0.01 per share | 214.671 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock Par Value $0.01 per share (5600) | 5600 | Direct |
Footnotes
F1: Shares acquired represent common stock earned pursuant to a grant of Performance Shares awarded on February 23, 2018 while the reporting person was the Executive Chairman of the Issuer.
F2: The reporting person's indirect ownership in the shares of Popular, Inc. owned by Junior Investment Corporation (JIC) increased by 773 shares as a result of JIC's redemption of a portion of the shares of JIC held by one of its stockholders. Upon such redemption, for purposes of ascribing indirect ownership in Popular, Inc. shares to the reporting person, the shares of Popular, Inc. held by JIC were reallocated among the shareholders of JIC on a pro rata basis in accordance with each stockholder's resulting ownership percentage in JIC after the redemption, resulting in the aforementioned increase.
F3: 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.
F4: Shares held by the estate of Mr. Carrion's deceased spouse.
F5: Restricted stock units convert into common stock on a one-for-one basis.
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.