Form 4: Popular, Inc. Director Receives RSU Dividend Equivalents

Director Richard L. Carrion acquired 89 restricted stock units via dividend equivalents for Popular, Inc. common stock.

Summary

• Director Richard L. Carrion received 89 restricted stock units (RSUs) as dividend equivalents on April 1, 2026.
• The RSUs were granted based on dividend accruals on existing holdings.
• These units convert to common stock on a one-for-one basis upon the director's termination of service.
• Following this transaction, the director holds 15,518 RSUs directly and 193,020 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation.

Positives

• The acquisition reflects the director's continued alignment with shareholder interests through dividend reinvestment mechanisms.

Negatives

• None identified; this is a routine administrative transaction related to dividend accruals.

Risks

• The value of the RSUs is subject to the future market performance of Popular, Inc. common stock.

Future Outlook

The RSUs will convert to common stock on the 15th of August following the director's termination of service.

Management Comments

• None provided.

Industry Context

StockSavvy.ai notes that this is a standard regulatory disclosure for corporate insiders receiving dividend equivalents on equity-based compensation, common in the banking sector.

Comparison to Industry Standards

• The transaction follows standard corporate governance practices for equity compensation plans in the U.S. banking industry.
• The use of dividend equivalents on RSUs is a common practice among large-cap financial institutions to maintain economic parity between RSU holders and common shareholders.

Related Party Transactions

• The director maintains a 23.3234% interest in Junior Investment Corporation, which holds 75,031 shares of Popular, Inc.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine adjustment of existing equity compensation.

Next Steps

• Conversion of RSUs to common stock upon the director's eventual termination of service.

Key Dates

Keywords

Popular Inc, BPOP, Form 4, Insider Trading, Director Ownership, Restricted Stock Units