Form 4: Popular, Inc. Director Bertil E. Chappuis Reports Acquisition of Restricted Stock Units

Director Bertil E. Chappuis reports the acquisition of 11 Restricted Stock Units (RSUs) in Popular, Inc. due to dividend equivalents.

Summary

• On April 1, 2025, Bertil E. Chappuis, a director of Popular, Inc., acquired 11 Restricted Stock Units (RSUs) as a result of dividend equivalents accrued on previously granted RSUs.
• These RSUs convert into common stock on a one-for-one basis.
• The RSUs will be converted into shares of common stock and issued on August 15th following the termination of service as a director.
• Following the transaction, Chappuis directly owns 1,434 derivative securities.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing detailing the acquisition of RSUs due to dividend equivalents, which is a neutral event. The sentiment is slightly positive as it reflects ongoing compensation and alignment of interests.

Future Outlook

The restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person on the 15th of August following the date of termination of service as a director.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, transact in their company's stock, providing transparency to the market.

Stakeholder Impact

• The acquisition of RSUs by a director signals continued alignment with shareholder interests.

Key Dates

Keywords

Restricted Stock Units, RSUs, Director, Form 4, Dividend Equivalents, Beneficial Ownership, Popular, Inc., BPOP, Securities