Form 4: Popular, Inc. Director Receives Dividend Equivalents in Restricted Stock Units

Director Jose Ramon Rodriguez receives 92 restricted stock units of Popular, Inc. as dividend equivalents.

Summary

• On April 1, 2025, Jose Ramon Rodriguez, a director of Popular, Inc., received 92 restricted stock units (RSUs) as dividend equivalents.
• These RSUs are accrued at the same rate and time as dividends paid to ordinary shareholders and are subject to the same terms and conditions as the underlying RSUs.
• The RSUs convert into common stock on a one-for-one basis and will be issued on August 15 following the termination of service as a director.
• Following this transaction, Rodriguez directly owns 11,806 shares.
• The reporting was filed on April 3, 2025, by Marie Reyes-Rodriguez, Attorney-in-fact.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to insider transactions, indicating a neutral sentiment.

Future Outlook

The restricted stock units will be converted into 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

This Form 4 filing is a routine disclosure of insider transactions, which is a common practice for publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the issuance of a small number of restricted stock units to a director.

Key Dates

Keywords

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