4/A: Maria Luisa Ferre Amends SEC Filing to Correctly Report Stock Ownership in Popular, Inc.

Maria Luisa Ferre files an amended SEC Form 4 to correct the number of Popular, Inc. shares directly owned, clarifying the amount to 34,924.393 shares as of January 4, 2024.

Summary

• Maria Luisa Ferre, a director of Popular, Inc., filed an amendment to a previously submitted Form 4 with the Securities and Exchange Commission.
• The amendment corrects the number of shares of Popular, Inc. common stock directly owned by Ms. Ferre.
• The original Form 4, filed on January 4, 2024, incorrectly stated the direct ownership as 34,907.793 shares.
• The corrected filing indicates that Ms. Ferre directly owns 34,924.393 shares of common stock as of January 4, 2024.
• This corrected amount includes 16.6 shares previously reported in a Form 4 dated December 6, 2023.
• Ms. Ferre also indirectly owns 13,541 shares through The Luis A. Ferre Foundation, Inc., where she serves as President and Trustee.
• Restricted stock units convert into common stock on a one-for-one basis and are issued on the 15th of August following termination of service as a director.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a minor error in previously reported stock ownership. It doesn't indicate any significant positive or negative developments for the company, hence a neutral sentiment.

Industry Context

This filing is a routine disclosure related to insider stock ownership, which is a common practice for publicly traded companies like Popular, Inc. It ensures transparency and allows investors to track the holdings of company directors and officers.

Stakeholder Impact

• The correction of the stock ownership information ensures accurate reporting to shareholders.

Key Dates