Form 4: Director Richard Carrion Receives Popular, Inc. RSU Grant

Popular, Inc. director Richard L. Carrion was granted 906 restricted stock units under the company's 2020 Omnibus Incentive Plan.

Summary

• Director Richard L. Carrion received an award of 906 restricted stock units (RSUs) on May 8, 2026.
• The RSUs were granted under the Popular, Inc. 2020 Omnibus Incentive Plan.
• The award is scheduled to vest on May 8, 2027.
• Following this transaction, the director holds 16,424 RSUs directly, in addition to existing common stock holdings.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company strategy or financial health.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified; this is a standard compensatory equity grant.

Risks

• Value of the equity grant is subject to market fluctuations in Popular, Inc. (BPOP) common stock.

Future Outlook

The RSUs will convert to common stock on a one-for-one basis and are issued to the reporting person 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 ensure long-term alignment between board members and shareholders in the financial services sector.

Comparison to Industry Standards

• The use of a 2020 Omnibus Incentive Plan for director compensation is consistent with standard practices among U.S. regional banking institutions.
• One-for-one conversion of RSUs is a standard industry mechanism for equity-based director compensation.

Related Party Transactions

• Disclosure of indirect ownership in shares held by Junior Investment Corporation, in which the director holds a 23.3234% interest.

Stakeholder Impact

• Minimal impact on shareholders; reflects standard director compensation practices.

Next Steps

• Vesting of the 906 RSUs on May 8, 2027.

Key Dates

Keywords

BPOP, Popular Inc, Director Compensation, Insider Trading, Form 4, Equity Incentive Plan