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

Director Bertil E. Chappuis reports the acquisition of restricted stock units in Popular, Inc.

Summary

• Bertil E. Chappuis, a director of Popular, Inc., filed a Form 4 on May 12, 2025, reporting a transaction.
• On May 8, 2025, Chappuis acquired 2,439 restricted stock units (RSUs) under the company's 2020 Omnibus Incentive Plan.
• These RSUs convert into common stock on a one-for-one basis and vest on May 8, 2026.
• The RSUs will be converted into shares of common stock and issued in equal annual installments each August 15th for the five years following termination of service as a director.
• Following the reported transaction, Chappuis beneficially owns 3,873 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of RSUs by a director is a routine event and generally viewed as a positive sign of alignment with shareholder interests.

Positives

• The award of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service as a director.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects the company's ongoing compensation practices for its directors.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among publicly traded companies to align their interests with those of shareholders.
• Vesting schedules, such as the one described in the filing, are also standard in the industry to incentivize continued service.
• Companies like JPMorgan Chase & Co. and Bank of America also use similar equity-based compensation plans for their directors.

Stakeholder Impact

• The award of restricted stock units to a director can positively impact shareholders by aligning management's interests with theirs.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Form 4, Restricted Stock Units, Director, BPOP, Popular, Inc., Beneficial Ownership, Chappuis, Equity Securities