secwatch.observer — SEC 8-K summary
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Issuer:     POPULAR, INC. (BPOP)
CIK:        0000763901
Form:       8-K
Filed at:   2022-08-25T23:59:59+00:00
Accession:  0001193125-22-229360
Event type: other_material
Sentiment:  positive
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Popular, Inc. enters $231M accelerated share repurchase agreement
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- Initial payment of $231M on Aug 26, 2022; receives 2,339,241 shares initially.
- Repurchase funded by $100M remaining from 2022 capital actions and $131M from EVERTEC sale.
- Final settlement expected no later than Q4 2022, based on VWAP less discount.
- Transaction accounted for as treasury stock transaction; adjustments to treasury stock and capital surplus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763901/000119312522229360/0001193125-22-229360-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763901/000119312522229360/d341836d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-229360

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