Popular, Inc. (BPOP) EVP discloses 4,505.741 common shares on Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
POPULAR, INC. executive vice president Israel Velasco filed an initial Form 3 to report his existing ownership in the company. The filing shows direct ownership of 4,505.741 shares of common stock with $0.01 par value per share. This is a statement of current holdings rather than a new purchase or sale, providing a baseline of his equity stake as an officer of the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Velasco Israel
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock Par Value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock Par Value $0.01 per share — 4,505.741 shares (Direct, null)
Footnotes (1)
Key Figures
Direct common shares owned: 4,505.741 shares
1 metrics
Direct common shares owned
4,505.741 shares
Total common stock following reported holdings entry
Key Terms
Form 3, beneficial ownership, par value
3 terms
Form 3 regulatory
"Initial Form 3 reporting common stock beneficial ownership."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership financial
"Initial Form 3 reporting common stock beneficial ownership."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
par value financial
"Common Stock, par value $0.01 per share of Popular, Inc."
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What does Israel Velasco’s Form 3 filing for BPOP report?
The Form 3 filing reports Israel Velasco’s existing ownership of 4,505.741 shares of Popular, Inc. common stock. This is an initial statement of beneficial ownership as an executive vice president, not a record of a new purchase or sale.
Is Israel Velasco buying or selling BPOP stock in this Form 3?
The Form 3 does not show any buy or sell transaction. It records Velasco’s current direct holdings of Popular, Inc. common stock, serving as a baseline disclosure of his ownership as a company officer.
What type of security is disclosed in Israel Velasco’s BPOP Form 3?
The Form 3 discloses ownership of Common Stock, par value $0.01 per share, of Popular, Inc. No derivative securities or option positions are listed in the derivative holdings section of the filing.
Why is Popular, Inc. executive Israel Velasco filing a Form 3?
Form 3 is used to report an insider’s initial beneficial ownership when they become subject to Section 16 reporting. Velasco’s filing establishes his starting share position as executive vice president of Popular, Inc.