Form 4: Popular, Inc. Director Carlos Unanue Reports Changes in Beneficial Ownership

Director Carlos Unanue reports acquisition of restricted stock units and changes in beneficial ownership of Popular, Inc. stock.

Summary

• On May 9, 2024, Carlos Unanue, a director of Popular, Inc., filed a Form 4 indicating changes in his beneficial ownership of the company's stock.
• Unanue acquired 2,228 restricted stock units, which convert into common stock on a one-for-one basis.
• These restricted stock units will be converted into shares and issued in equal annual installments over the five years following termination of service as a director.
• Following the reported transactions, Unanue directly owns 56,744.69 shares of Popular, Inc. common stock.
• He also indirectly owns 75,731 shares through his mother.
• Unanue has granted a Power of Attorney to Jose R. Coleman Tio, Daniel E. Gonzalez Ortiz, Ciara T. Napoli Veray, and Marie Reyes-Rodriguez to handle SEC filings on his behalf.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, which can influence investor sentiment.

Key Dates