Form 4: Popular, Inc. Director Bertil E. Chappuis Acquires Restricted Stock Units

Director Bertil E. Chappuis acquired 1,392 restricted stock units of Popular, Inc. on May 9, 2024, convertible to common stock upon termination of service.

Summary

• On May 9, 2024, Bertil E. Chappuis, a director of Popular, Inc., acquired 1,392 restricted stock units.
• These restricted stock units convert into common stock on a one-for-one basis.
• The conversion and issuance of common stock will occur on the 15th of August following the termination of Chappuis' service as a director.
• The price of the derivative security was $0.
• Following the transaction, Chappuis beneficially owns 1,392 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding stock ownership, indicating a neutral sentiment.

Future Outlook

The restricted stock units will be converted into 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

This filing is a routine disclosure of a director's acquisition of restricted stock units, a common form of executive compensation in publicly traded companies.

Stakeholder Impact

• The acquisition of restricted stock units by a director aligns the director's interests with those of the shareholders.

Key Dates