Popular (BPOP) EVP logs tax-withholding share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
POPULAR, INC. Executive Vice President Eduardo J. Negron reported a Form 4 transaction involving a tax-related share disposition. On this filing, 655 shares of common stock were disposed of at $141.29 per share to cover tax liability, rather than through an open-market sale. After this transaction, he directly holds 36,905.389 common shares. This total includes 199.565 shares acquired earlier through automatic dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NEGRON EDUARDO J.
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock Par Value $0.01 per share | 655 | $141.29 | $93K |
Holdings After Transaction:
Common Stock Par Value $0.01 per share — 36,905.389 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did POPULAR, INC. (BPOP) report for Eduardo J. Negron?
POPULAR, INC. reported that Executive Vice President Eduardo J. Negron disposed of 655 common shares to cover tax obligations. The Form 4 shows this as a tax-withholding disposition, not an open-market trade, at a reported price of $141.29 per share.
Was the BPOP insider transaction by Eduardo J. Negron an open-market sale?
No, the transaction was not an open-market sale. The Form 4 labels it as a tax-withholding disposition, meaning shares were withheld or delivered to satisfy tax liability, rather than voluntarily sold into the market for investment purposes.
What does transaction code "F" mean in the BPOP Form 4 for Eduardo J. Negron?
Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this case, the 655 POPULAR, INC. shares were used to satisfy tax obligations tied to equity awards, rather than representing a discretionary market trade.