Form 4: Popular, Inc. Director Kim Goodwin C. Reports Acquisition of Restricted Stock Units

Director Kim Goodwin C. reports acquisition of restricted stock units in Popular, Inc. under the 2020 Omnibus Incentive Plan.

Summary

• On May 8, 2025, Kim Goodwin C., a director of Popular, Inc., was granted 1,344 restricted stock units (RSUs) under the company's 2020 Omnibus Incentive Plan.
• These RSUs will vest on May 8, 2026, and convert into common stock on a one-for-one basis.
• Upon termination of service as a director, the RSUs will be converted into shares of common stock and issued to Kim Goodwin C. on the 15th of August following the termination date.
• Following this transaction, Kim Goodwin C. beneficially owns 43,333.555 shares of Popular, Inc. common stock directly and 15,531 restricted stock units directly.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.

Positives

• The grant 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 of insider transactions, which is common for publicly traded companies. It provides transparency into the holdings and transactions of company directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term success.

Key Dates

Keywords

restricted stock units, director, BPOP, Popular, Inc., Form 4, insider trading