Form 4: Maria Luisa Ferre Reports Changes in Beneficial Ownership of Popular, Inc. Stock
SEC Form 4 Filing
Maria Luisa Ferre, a director of Popular, Inc., reports transactions involving common stock and restricted stock units, including dividend reinvestments and accruals.
Summary
- Maria Luisa Ferre, a director of Popular, Inc. (BPOP), filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
- On April 1, 2024, Ms. Ferre acquired 35,148.082 shares of common stock directly and holds 13,541 shares indirectly through The Luis A. Ferre Foundation, Inc., where she serves as President and Trustee.
- She also acquired 90 restricted stock units (RSUs) due to dividend equivalents accrued on outstanding RSUs.
- These RSUs will convert into common stock on a one-for-one basis and will be issued on August 15 following her termination of service as a director.
- The direct holdings include 223.689 shares acquired through dividend reinvestments, which are exempt from Section 16 of the Securities Exchange Act of 1934 under Rule 16a-11.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions. The dividend reinvestment and RSU accrual could be seen as slightly positive, indicating confidence in the company.
Positives
- The acquisition of shares through dividend reinvestment indicates confidence in the company's performance.
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 allows investors to track insider sentiment and potential future performance.
Stakeholder Impact
- The reported transactions provide shareholders with insight into the director's investment activities, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction involving common stock and restricted stock units. |
| 04/03/2024 | Date of signature by Marie Reyes-Rodriguez, Attorney-in-fact. |
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