Form 4: Maria Luisa Ferre Reports Changes in Beneficial Ownership of Popular, Inc. Stock

Maria Luisa Ferre, a director of Popular, Inc., reports acquisition of restricted stock units and indirect ownership through the Luis A. Ferre Foundation, Inc.

Summary

• Maria Luisa Ferre, a director of Popular, Inc. (BPOP), filed a Form 4 with the SEC.
• The report details changes in her beneficial ownership of Popular, Inc. securities.
• On May 9, 2024, she acquired 1,392 restricted stock units (RSUs) which convert into common stock on a one-for-one basis.
• She also has direct ownership of 35,148.082 shares of common stock.
• Additionally, she has indirect ownership of 13,541 shares through The Luis A. Ferre Foundation, Inc., where she serves as President and Trustee.
• The RSUs will be converted into common stock and issued to her on the 15th of August following the date of termination of service as a director.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard regulatory filing reporting changes in ownership.

Future Outlook

The restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person on the 15th of August following the date of termination of service as a director.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This filing indicates changes in Maria Luisa Ferre's holdings in Popular, Inc.

Key Dates