Form 4: Popular Inc. Director Reports Stock & RSU Holdings

Popular Inc. Director Robert Carrady reported direct and indirect common stock holdings, alongside an increase in Restricted Stock Units due to dividend equivalents.

Summary

• Director Robert Carrady reported beneficial ownership of Popular, Inc. common stock and Restricted Stock Units (RSUs).
• Direct ownership of common stock totals 3,262.768 shares, which includes 6.709 shares acquired through dividend reinvestment.
• Indirect ownership of common stock totals 2,750 shares through Plaza Escorial Cinema Corp., where Mr. Carrady holds a 62.5% ownership interest.
• Acquired 154 Restricted Stock Units (RSUs) on January 2, 2026, as a result of dividend equivalents accrued on outstanding RSUs.
• Total beneficially owned Restricted Stock Units are 25,332.
• RSUs convert into common stock on a one-for-one basis and are issued on August 15th following termination of service as a director.

Sentiment

Score: 6

Explanation: The filing reflects a routine increase in a director's equity holdings through dividend reinvestment and RSU dividend equivalents, indicating continued participation in the company's equity structure.

Positives

• Director Robert Carrady's beneficial ownership of Popular, Inc. equity increased with the acquisition of 154 Restricted Stock Units (RSUs) through dividend equivalents.
• An additional 6.709 shares of common stock were acquired through dividend reinvestment, increasing direct holdings.

Future Outlook

The Restricted Stock Units (RSUs) are scheduled to convert into common stock and be issued to the reporting person on the 15th of August following the date of termination of service as a director.

Industry Context

This filing is a routine insider transaction report, reflecting a director's equity holdings and recent RSU acquisition, which is common practice for executive compensation and dividend reinvestment in the financial services industry.

Related Party Transactions

• Robert Carrady holds an indirect beneficial ownership of 2,750 shares of Popular, Inc. common stock through Plaza Escorial Cinema Corp., in which he has a 62.5% ownership interest.

Stakeholder Impact

• Shareholders: Provides transparency regarding director equity ownership and compensation structure.

Next Steps

• The Restricted Stock Units (RSUs) will convert into common stock and be issued on the 15th of August following the reporting person's termination of service as a director.

Key Dates

Recommendation

This Form 4 filing is a routine disclosure of a director's equity holdings and the acquisition of Restricted Stock Units (RSUs) through dividend equivalents and common stock via dividend reinvestment. It does not contain information that would fundamentally alter the investment thesis for Popular, Inc. and therefore does not warrant a change in recommendation based solely on this filing.

Keywords

Popular Inc, BPOP, Form 4, Insider Trading, Director Holdings, Restricted Stock Units, Common Stock, Dividend Reinvestment