POPULAR, INC. — Director's Dealing 2022

Jan 5, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: POPULAR, INC. (BPOP)
CIK: 0000763901
Period of Report: 2022-01-03

Reporting Person: CARRION RICHARD L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-10-18	Common Stock Par Value $0.01 per share	W	218.027	$0.00	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-01-03	Restricted Stock Units	$	A	41	Acquired		Common Stock Par Value $0.01 per share (41)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock Par Value $0.01 per share	207712	Direct
Common Stock Par Value $0.01 per share	74467	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: On October 18, 2021, 218.027 shares were distributed to Mr. Carrion's son as part of the liquidation of the estate of Mr. Carrion's deceased spouse, in a transaction exempt from Section 16 pursuant to Rule 16b5.

F3: Restricted stock units convert into common stock on a one-for-one basis.

F4: 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.

F5: 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.