NEGRON EDUARDO J. 4
Research Summary
AI-generated summary
Popular (BPOP) EVP Eduardo Negron Sells 3,014 Shares for Tax Withholding
What Happened
- Eduardo J. Negron, Executive Vice President of Popular, Inc. (BPOP), had 3,014 shares disposed on June 30, 2026 to satisfy a tax/exercise obligation (Form 4 code F). The shares were disposed at $164.18 each for a total value of $494,839.
Key Details
- Transaction date: 2026-06-30; Filing date: 2026-07-02 (Form 4, period ending 2026-06-30).
- Transaction: 3,014 shares disposed at $164.18 per share — total ~ $494,839.
- Transaction code F = payment of exercise price or tax liability (i.e., shares disposed to cover taxes/exercise costs).
- Shares owned after the reported transaction: not specified in the provided filing excerpt.
- Footnote: The report notes 208.946 shares were acquired via dividend reinvestment (Rule 16a-11), transactions exempt from Section 16 reporting.
- No indication in the provided data that this filing was late.
Context
- Code F dispositions are typically "sell-to-cover" actions to satisfy tax withholding or exercise-price obligations and are routine administrative transactions; they do not necessarily signal a change in the insider's view of the company.
- For retail investors, purchases or open-market buys tend to be more informative as positive signals; routine tax-related disposals are common following awards or option exercises.