Form 4: Carlos Unanue Reports Changes in Beneficial Ownership of Popular, Inc. Stock

Director Carlos Unanue reports acquisition of restricted stock units in Popular, Inc., vesting in 2026 and converting to common stock.

Summary

• Carlos Unanue, a director of Popular, Inc. [BPOP], filed a Form 4 on May 12, 2025, reporting changes in beneficial ownership.
• The report indicates that Unanue acquired 2,190 restricted stock units on May 8, 2025, under the company's 2020 Omnibus Incentive Plan.
• These restricted stock units convert into common stock on a one-for-one basis and vest on May 8, 2026.
• The reporting person directly owns 57,889.474 shares of common stock.
• The reporting person indirectly owns 75,731 shares of common stock through his mother.
• The restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person in equal annual installments on each 15th of August of the first five years following the date of termination of service as a director.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard regulatory filing reporting a routine transaction.

Positives

• The acquisition of restricted stock units suggests confidence in the company's future performance.

Future Outlook

The restricted stock units will be converted into an equivalent number of shares of common stock and issued to the reporting person in equal annual installments on each 15th of August of the first five years following the date of termination of service as a director.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates

Keywords

Form 4, beneficial ownership, restricted stock units, Popular, Inc., BPOP, Carlos Unanue, director, insider trading