BACARDI III JOAQUIN E 4
4 · POPULAR INC · Filed Jul 6, 2020
Insider Transaction Report
Form 4
POPULAR INCBPOP
BACARDI III JOAQUIN E
Director
Transactions
- Award
Restricted Stock Units
2020-07-01+65→ 5,837 total→ Common Stock Par Value $0.01 per share (65 underlying)
Holdings
- 30,276.228
Common Stock Par Value $0.01 per share
Footnotes (4)
- [F1]Includes 221.939 shares acquired pursuant to reinvestment of dividends paid by the Corporation in transactions exempt from Section 16 of the Securities Exchange Act.
- [F2]Restricted stock units convert into common stock on a one-for-one basis.
- [F3]Reflects Restricted Stock Units (RSUs") received by the reporting person as a result of dividend equivalents accrued with respect to outstanding RSUs granted to the reporting person. Dividend equivalents are accrued at the same rate and at the same time as dividends are paid to ordinary shareholders. Dividend equivalents on RSUs are subject to the same terms and conditions as the underlying RSUs.
- [F4]Restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person in equal annual installments on each 15th of August of the first five years following the date of termination of service as a director.