SEC Form 4 · accession 0001209191-19-011016
POPULAR, INC. · BPOP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Luis E. Cestero
Officer — Executive Vice President
Period of report
Feb 14, 2019
Accepted (ET)
Feb 19, 2019 · 3:34 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 shareF2 | Feb 14, 2019 | A | 2,798 | $0.00 | A | 15,919 | D | |
| Common Stock Par Value $0.01 per shareF3 | holding | — | — | — | 523 | I | by wife |
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.
- F2Includes 66.035 shares acquired since Mr. Cestero's last Form 5, pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act; and 0.633 share acquired under Popular, Inc. Puerto Rico Savings and Investment Plan in exempt transactions pursuant to Rule 16(b)(3).
- F3Includes 2.517 shares acquired pursuant to reinvestment of dividends paid by the Corporation and which are exempt under Section 16 of the Securities Exchange Act.