Popular EVP disposes 993 shares for tax withholding
Popular, Inc. Executive Vice President Camille Burckhart reported a tax-related share disposition under a compensation arrangement.
Rhea-AI Filing Summary
Popular, Inc. Executive Vice President Camille Burckhart reported a tax-related share disposition under a compensation arrangement. On this Form 4, she disposed of 993 shares of Popular common stock at $141.29 per share to satisfy tax withholding obligations, rather than through an open-market sale. After this transaction, she directly holds 26,688.998 shares of Popular common stock. A footnote notes that her holdings include 98.680 shares previously acquired through dividend reinvestment transactions exempt from Section 16.
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Insider Trade Summary
Exercise Price or Tax Liability: 993 shares
Exercise Price or Tax Liability
1 txn
Insider
Burckhart Camille
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock Par Value $0.01 per share | 993 | $141.29 | $140K |
Holdings After Transaction:
Common Stock Par Value $0.01 per share — 26,688.998 shares (Direct)
Footnotes (1)
- F1. Includes 98.680 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 Camille Burckhart?
Popular, Inc. reported that Executive Vice President Camille Burckhart disposed of 993 common shares to cover tax withholding. The transaction was coded “F,” meaning shares were surrendered to satisfy tax obligations tied to equity compensation, not sold in an open-market transaction.
What does transaction code F mean in the Popular, Inc. (BPOP) Form 4 filing?
Transaction code F in this Form 4 indicates a tax-withholding disposition, where shares are delivered to pay exercise price or tax liability. For Camille Burckhart, the 993-share transaction reflects shares withheld to satisfy tax obligations connected to her equity compensation, not a discretionary stock sale.
Was the Popular, Inc. (BPOP) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 shows a code F tax-withholding disposition, meaning shares were surrendered to cover tax liability on equity compensation, rather than being sold on the market for investment or portfolio reasons.
AI-generated analysis. How Rhea-AI works. Not financial advice.