Popular EVP disposes shares for tax withholding
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.
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Insider Trade Summary
Exercise Price or Tax Liability: 655 shares
Exercise Price or Tax Liability
1 txn
Insider
NEGRON EDUARDO J.
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | 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)
- F1. Includes 199.565 shares acquired pursuant to reinvestment of dividends paid by the Corporation. The shares were acquired in transaction exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.