SEC Form 4 · accession 0001209191-19-011004
POPULAR, INC. · BPOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard L Carrion
Officer — Executive Chairman · Director
Period of report
Feb 14, 2019
Accepted (ET)
Feb 19, 2019 · 3:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000763901
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock Par Value $0.01 per share | Feb 14, 2019 | A | 11,658 | $0.00 | A | 219,793 | D | |
| Common Stock Par Value $0.01 per shareF2 | holding | — | — | — | 73,694 | I | Junior Investment | |
| Common Stock Par Value $0.01 per share | holding | — | — | — | 3,223 | I | by son | |
| Common Stock Par Value $0.01 per shareF3 | holding | — | — | — | 208 | I | by Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Award 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, 2020, 2021, 2022 and 2023, and twenty percent (20%) of the award vests upon termination of the executive's employment after attaining (x) age 55 with 10 years of service or (y) age 60 with 5 years of service.
- F2Represents Mr. Carrion's indirect ownership in the shares of the Corporation owned by Junior Investment Corporation in which he has approximately 16.99% interest.
- F3Shares held by the estate of Mr. Carrion's deceased spouse.