Form 4: Director C. Kim Goodwin Receives Popular, Inc. RSU Grant
Statement of Changes in Beneficial Ownership
Popular, Inc. director C. Kim Goodwin was granted 906 restricted stock units under the company's 2020 Omnibus Incentive Plan.
Summary
- Director C. Kim Goodwin acquired 906 restricted stock units (RSUs) on May 8, 2026.
- The RSUs were granted under the Popular, Inc. 2020 Omnibus Incentive Plan.
- The units vest on May 8, 2027.
- Following this transaction, the director holds a total of 16,821 derivative securities and 44,268.367 shares of common stock.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation with no material impact on the company's financial position.
Positives
- Director alignment with shareholder interests through equity-based compensation.
Negatives
- None identified.
Risks
- Value of equity compensation is subject to market fluctuations in Popular, Inc. common stock.
Future Outlook
The RSUs will convert to common stock on a one-for-one basis and are issued to the director on the 15th of August following the date of termination of service as a director.
Industry Context
StockSavvy.ai notes that equity grants to directors are standard corporate governance practices designed to align board member incentives with long-term shareholder value in the banking sector.
Comparison to Industry Standards
- The use of restricted stock units as a component of director compensation is consistent with standard practices among U.S. financial institutions.
- The vesting schedule of one year is typical for annual director equity retainers.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Equity Compensation | Grant of restricted stock units to a director under the 2020 Omnibus Incentive Plan. | 05/08/2026 | Standard alignment of director interests with shareholders. |
Stakeholder Impact
- Minimal impact on shareholders as this is a standard compensation disclosure.
Next Steps
- Vesting of the 906 RSUs on May 8, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/08/2026 | Date of transaction and grant of restricted stock units. |
| 05/08/2027 | Vesting date for the granted restricted stock units. |
Keywords
Popular Inc, BPOP, Form 4, Insider Trading, Director Compensation, Restricted Stock Units
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