Form 4: Popular, Inc. Executive Vice President Gilberto Monzon Sells 5,000 Shares
SEC Form 4 Filing
Gilberto Monzon, Executive Vice President of Popular, Inc., sold 5,000 shares of common stock at an average price of $85.801 on June 6, 2024.
Summary
- On June 6, 2024, Gilberto Monzon, an Executive Vice President at Popular, Inc. (BPOP), sold 5,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $85.801 per share, with individual transactions ranging from $85.80 to $85.83.
- Following the transaction, Monzon directly owns 48,320.061 shares of Popular, Inc.
- This total includes 153.34 shares acquired through dividend reinvestments.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale, which is a neutral event. The sentiment is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency to the market regarding the trading activities of those with privileged information.
Stakeholder Impact
- The stock sale by an executive might be perceived negatively by some shareholders, but it's a relatively small transaction and unlikely to have a significant impact.
Key Dates
| Date | Description |
|---|---|
| May 9, 2024 | Date of execution for the Power of Attorney. |
| June 6, 2024 | Date of the stock sale transaction. |
| June 7, 2024 | Date of signature for the Form 4 filing. |
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