Form 4: Popular, Inc. Executive Vice President Gilberto Monzon Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Gilberto Monzon reports acquisition and disposal of Popular, Inc. common stock related to restricted stock awards and tax withholding.
Summary
- On February 25, 2025, Gilberto Monzon, an Executive Vice President of Popular, Inc., reported transactions involving the company's common stock.
- Monzon acquired 2,192 shares of common stock at $0 and 2,473 shares of common stock at $0 pursuant to a restricted stock award under the company's Omnibus Incentive Plan.
- Simultaneously, Monzon disposed of 69 shares at $100.37 and 722 shares at $100.37 to cover tax obligations related to the vesting of restricted stock.
- Following these transactions, Monzon directly owns 42,468.297 shares of Popular, Inc. common stock.
- The restricted stock award vests in equal annual installments starting February 23, 2026, and continuing through 2029.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and alignment of interests. There are no indications of negative events or concerns.
Positives
- The granting of restricted stock to an executive aligns their interests with the long-term performance of the company.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding insider transactions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of stock transactions (acquisition and disposal). |
| 02/23/2026 | First vesting date of the restricted stock award. |
| 02/23/2027 | Second vesting date of the restricted stock award. |
| 02/23/2028 | Third vesting date of the restricted stock award. |
| 02/23/2029 | Final vesting date of the restricted stock award. |
| 02/27/2025 | Date of signature on the Form 4 filing. |
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