Form 4: Popular, Inc. Executive Jose R. Coleman-Tio Reports Stock Award and Tax Withholding
SEC Form 4
EVP & Chief Legal Officer of Popular, Inc., Jose R. Coleman-Tio, reports acquisition of common stock and a disposition for tax withholding related to restricted stock awards.
Summary
- Jose R. Coleman-Tio, EVP & Chief Legal Officer of Popular, Inc., filed a Form 4 on February 27, 2025.
- The report details transactions from February 25, 2025, involving Popular, Inc. common stock.
- Coleman-Tio acquired 3,139 shares and 2,112 shares of common stock at $0 per share.
- These acquisitions are related to restricted stock awards that vest in equal annual installments starting February 23, 2026, and continuing through 2029.
- Additionally, 579 shares were disposed of at a price of $100.37 for tax withholding purposes.
- Following these transactions, Coleman-Tio beneficially owns 17,635.771 shares of Popular, Inc. common stock directly.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing related to stock awards and tax obligations, with no inherently positive or negative implications for the company's overall outlook.
Positives
- The acquisition of restricted stock indicates confidence in the company's future performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/23/2026 | First vesting date of restricted stock award. |
| 02/23/2027 | Second vesting date of restricted stock award. |
| 02/23/2028 | Third vesting date of restricted stock award. |
| 02/23/2029 | Final vesting date of restricted stock award. |
| 02/25/2025 | Date of stock acquisition and disposition. |
| 02/27/2025 | Date of Form 4 filing. |
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