SEC Form 4 · accession 0001209191-19-011171

POPULAR, INC. · BPOP

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Executive Vice President

Period of report

Feb 14, 2019

Accepted (ET)

Feb 19, 2019 · 5:04 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^F2	Feb 14, 2019	A	4,115	$0.00	A	23,104	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Stock^F3,F4	—	holding	—	—	—	—	—	Common Stock Par Value $0.01 per share	2,777	2,777	D

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 101.852 shares acquired since Mr. Chinea'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 13.526 shares acquired under the Popular, Inc. USA 401(K) Savings and Investment Plan which are exempt under Section 16 of the Securities Exchange Act.
F3Each share of phantom stock is the economic equivalent of one share of the Corporation's common stock.
F4Shares of phantom stock are payable following the termination of the reporting person's employment with the Corporation. The reporting person may transfer his phantom stock account into an alternative investment account at any time.