Form 4: Popular, Inc. Director Jose Ramon Rodriguez Reports Acquisition of Restricted Stock Units

Popular, Inc. Director Jose Ramon Rodriguez reported the acquisition of 93 Restricted Stock Units (RSUs) as dividend equivalents, increasing his beneficial ownership to 14,437 RSUs.

Summary

• Jose Ramon Rodriguez, a Director of Popular, Inc. (BPOP), acquired 93 Restricted Stock Units (RSUs) on July 1, 2025.
• These RSUs were received as dividend equivalents accrued with respect to his outstanding RSUs.
• Following this transaction, Jose Ramon Rodriguez beneficially owns 14,437 Restricted Stock Units.
• Each Restricted Stock Unit converts into one share of common stock on a one-for-one basis.
• Dividend equivalents accrue at the same rate and at the same time as dividends are paid to ordinary shareholders and are subject to the same terms and conditions as the underlying RSUs.
• The Restricted Stock Units will convert into an equivalent number of shares of common stock and be issued to the reporting person on the 15th of August following the date of termination of service as a director.

Sentiment

Score: 7

Explanation: The document reports a routine acquisition of Restricted Stock Units by a director through dividend equivalents, which is a neutral event but slightly positive as it increases the director's equity alignment with shareholders.

Positives

• Director Jose Ramon Rodriguez increased his beneficial ownership of Popular, Inc. equity, enhancing alignment with shareholder interests.
• The acquisition of RSUs through dividend equivalents indicates the company's ongoing dividend payments, which also benefit RSU holders.

Future Outlook

Restricted Stock Units (RSUs) held by the reporting person are set to convert into an equivalent number of common shares and be issued on August 15th following the date of termination of service as a director.

Industry Context

This Form 4 filing reflects a routine insider transaction related to director compensation and dividend equivalents, common across publicly traded companies. It does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Increased alignment between director and shareholder interests due to higher equity ownership.

Next Steps

• Conversion of Restricted Stock Units into common stock on August 15th following the termination of service as a director.

Key Dates

Keywords

Popular Inc, BPOP, SEC Form 4, Restricted Stock Units, RSUs, Insider Transaction, Director Compensation, Dividend Equivalents, Beneficial Ownership