NEGRON EDUARDO J. 4
Research Summary
AI-generated summary
POPULAR (BPOP) EVP Eduardo J. Negrón Receives Award; Shares Sold for Taxes
What Happened Eduardo J. Negrón, Executive Vice President of Popular, Inc. (BPOP), was granted a total of 5,348 restricted shares (3,333 + 2,015) on 2026-02-25 (awarded at $0.00). To cover tax withholding related to the award, 1,006 shares (942 + 64) were surrendered/disposed at $141.31 per share, totaling approximately $142,158.
Key Details
- Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (appears timely).
- Grants: 3,333 and 2,015 restricted shares (code A), acquisition price $0.00.
- Tax withholding: 942 shares ($133,114) and 64 shares ($9,044) disposed (code F) at $141.31 per share; total ~ $142,158.
- Shares owned after the transaction: not specified in the provided filing details.
- Footnote: Awards are restricted stock under Popular’s Omnibus Incentive Plan and vest in equal annual installments on each February 23 in 2027, 2028, 2029 and 2030.
- Transaction codes: A = Award/Grant, F = Payment of exercise price or tax liability (share withholding for taxes).
Context This was a restricted stock grant with shares withheld to satisfy tax obligations — a routine administrative action rather than an open-market sale or purchase. For retail investors, awards signal compensation alignment but do not necessarily indicate the insider’s market view; the withheld shares simply fulfilled tax withholding requirements.