Form 4: Director Betty K DeVita Reports Acquisition of Popular, Inc. Restricted Stock Units

Director Betty K DeVita reported the acquisition of 52 Restricted Stock Units (RSUs) of Popular, Inc. due to dividend equivalents accrued on existing RSUs.

Summary

• On July 1, 2024, Betty K DeVita, a director of Popular, Inc. (BPOP), acquired 52 Restricted Stock Units (RSUs).
• These RSUs were received as a result of dividend equivalents accrued with respect to outstanding RSUs previously granted to DeVita.
• The dividend equivalents are accrued at the same rate and time as dividends paid to ordinary shareholders and are subject to the same terms and conditions as the underlying RSUs.
• The RSUs convert into common stock on a one-for-one basis and will be converted and issued on August 15th following the termination of service as a director.
• Following the reported transaction, DeVita directly owns 7,116 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation. There are no indications of positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies to ensure transparency.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves a small number of shares related to director compensation.

Key Dates