Form 4: Richard L. Carrion Reports Changes in Beneficial Ownership of Popular, Inc. Securities

Richard L. Carrion, a director of Popular, Inc., filed a Form 4 disclosing changes in his beneficial ownership of the company's common stock and restricted stock units.

Summary

• On May 13, 2024, Richard L. Carrion, a director of Popular, Inc., filed a Form 4 with the SEC.
• The filing reports changes in his beneficial ownership of Popular, Inc. securities.
• Carrion directly owns 217,968 shares of common stock.
• He also indirectly owns 74,467 shares through Junior Investment Corporation, in which he has a 22.0140% interest.
• Additionally, Carrion was granted 1,392 restricted stock units on May 9, 2024, which will convert into common stock on the 15th of August following his termination of service as a director.
• He holds 13,396 restricted stock units.
• The filing also includes a Power of Attorney, granting certain individuals the authority to act on Carrion's behalf in matters related to SEC filings.

Sentiment

Score: 5

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

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders in publicly traded companies, ensuring compliance with SEC regulations.
• The reporting of direct and indirect ownership, including through investment vehicles, is consistent with industry norms for transparency.
• The disclosure of restricted stock unit grants and their vesting terms aligns with standard executive compensation reporting practices.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.
• It assures stakeholders that insider transactions are being monitored and reported in compliance with regulations.

Key Dates