Form 4: Popular, Inc. CEO Ignacio Alvarez Reports Stock Transaction

CEO Ignacio Alvarez reports disposition of shares to cover tax obligations and indirect ownership through his son.

Summary

• On February 23, 2025, Ignacio Alvarez, CEO of Popular, Inc., reported a transaction involving the company's common stock.
• Mr. Alvarez disposed of 6,216 shares at a price of $100.69 per share to cover tax obligations.
• Following the transaction, Mr. Alvarez directly owns 263,663.913 shares.
• He also indirectly owns 8,304.997 shares through his son, but disclaims beneficial ownership and has no investment authority over these shares.
• The report also mentions the acquisition of shares through dividend reinvestments, which are exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't convey any particularly positive or negative sentiment.

Management Comments

• Mr. Alvarez disclaims beneficial ownership of Popular Inc.'s shares held by his son and has no investment authority over those shares.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their transactions in company stock. This filing indicates a standard transaction for tax obligations and clarifies indirect ownership.

Key Dates