Form 4: Popular, Inc. Director Receives RSU Grant
Statement of Changes in Beneficial Ownership
Director Robert Carrady was granted 1,477 restricted stock units under the Popular, Inc. 2020 Omnibus Incentive Plan.
Summary
- Director Robert Carrady received an award of 1,477 restricted stock units (RSUs) on May 8, 2026.
- The RSUs were granted under the Popular, Inc. 2020 Omnibus Incentive Plan.
- The award is scheduled to vest on May 8, 2027.
- Following this transaction, the director holds 26,950 RSUs directly and 3,269.165 shares of common stock directly, with an additional 2,750 shares held indirectly through Plaza Escorial Cinema Corp.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine regulatory disclosure regarding director compensation, which carries a neutral sentiment.
Positives
- Alignment of director interests with shareholders through equity-based compensation.
Negatives
- None identified.
Risks
- Standard market risks associated with equity ownership and potential fluctuations in the value of Popular, Inc. common stock.
Future Outlook
The RSUs will convert into common stock on a one-for-one basis and be issued to the reporting person on the 15th of August following the date of termination of service as a director.
Industry Context
StockSavvy.ai notes that equity grants to directors are standard corporate governance practices designed to incentivize long-term performance and align leadership with shareholder interests in the banking sector.
Comparison to Industry Standards
- The use of a 2020 Omnibus Incentive Plan for director compensation is consistent with standard practices among large-cap financial institutions.
- One-for-one conversion of RSUs to common stock is a standard industry mechanism for director equity awards.
Related Party Transactions
- The reporting person maintains a 62.5% ownership interest in Plaza Escorial Cinema Corp., which holds 2,750 shares of Popular, Inc. common stock.
Stakeholder Impact
- Minimal impact on shareholders as this is a standard compensation disclosure.
Next Steps
- Vesting of the restricted stock units on May 8, 2027.
Key Dates
| Date | Description |
|---|---|
| 05/08/2026 | Date of RSU grant transaction. |
| 05/08/2027 | Vesting date for the granted restricted stock units. |
Keywords
Popular Inc, BPOP, Form 4, Insider Trading, Restricted Stock Units, Director Compensation
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