secwatch.observer — SEC 8-K summary
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Issuer:     POPULAR, INC. (BPOP)
CIK:        0000763901
Form:       8-K
Filed at:   2022-08-15T23:59:59+00:00
Accession:  0001193125-22-221259
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Popular sells remaining 7.1M EVERTEC shares for ~$220M, after-tax gain of $131M
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- Sold 7,065,634 EVERTEC shares: 6,262,293 in public offering, 803,341 private sale to EVERTEC.
- Total cash proceeds approximately $219.8 million.
- After-tax gain of approximately $131 million from the transactions.
- Popular intends to use after-tax gains for common stock repurchases.
- Following sale, Popular no longer owns any EVERTEC common stock.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763901/000119312522221259/0001193125-22-221259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763901/000119312522221259/d349488d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-221259

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer