Form 4: Director Carlos Unanue Reports RSU Accrual, Stock Holdings

Popular, Inc. Director Carlos Unanue reported the accrual of 154 Restricted Stock Units and updated his direct and indirect common stock holdings.

Summary

• Director Carlos Unanue of Popular, Inc. reported changes in his beneficial ownership.
• He directly owns 58,642.683 shares of Common Stock, including 247.670 shares acquired through dividend reinvestment, which were exempt from Section 16 pursuant to Rule 16a-11.
• He indirectly owns 75,731 shares of Common Stock through his mother, for which he disclaims beneficial ownership.
• He acquired 154 Restricted Stock Units (RSUs) on January 2, 2026, as dividend equivalents accrued with respect to outstanding RSUs.
• Following this transaction, he beneficially owns 25,332 RSUs.
• RSUs convert into common stock on a one-for-one basis and are issued in equal annual installments on each 15th of August for the first five years following the date of termination of service as a director.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of insider transactions, including the acquisition of additional equity through dividend reinvestment and RSU dividend equivalents, which generally indicates a positive alignment of interests. No negative events are reported.

Positives

• Acquisition of 154 Restricted Stock Units (RSUs) as dividend equivalents, indicating continued equity participation and alignment with shareholder interests.
• Reinvestment of dividends into 247.670 shares of common stock, demonstrating confidence in the company's performance.

Negatives

• NA

Risks

• NA

Future Outlook

Restricted Stock Units will convert into common stock in equal annual installments on August 15th for five years following the termination of service as a director, aligning future compensation with long-term company performance.

Management Comments

• NA

Industry Context

This Form 4 filing reflects routine insider transaction disclosures common across the financial services industry, where executive and director compensation often includes equity awards like Restricted Stock Units to align interests with shareholders.

Comparison to Industry Standards

• NA

Related Party Transactions

• Indirect beneficial ownership of 75,731 shares of Common Stock by the reporting person's mother, for which the reporting person disclaims beneficial ownership.

Stakeholder Impact

• Shareholders: The director's increased equity holdings through RSU accrual and dividend reinvestment align his interests with shareholders, potentially signaling confidence in the company's future.

Next Steps

• RSUs will convert into common stock in equal annual installments on August 15th for five years following the date of termination of service as a director.

Key Dates

Keywords

Popular Inc, BPOP, Carlos Unanue, Form 4, Insider Trading, Director Holdings, Restricted Stock Units, Dividend Reinvestment, Beneficial Ownership