Form 4: Popular, Inc. Director Richard L. Carrion Reports Changes in Beneficial Ownership

Director Richard L. Carrion reports changes in beneficial ownership of Popular, Inc. stock, including the acquisition of restricted stock units due to dividend equivalents.

Summary

• Richard L. Carrion, a director of Popular, Inc., filed a Form 4 to report changes in his beneficial ownership of the company's stock.
• The report indicates that Mr. Carrion indirectly owns 74,467 shares of Popular, Inc. through Junior Investment Corporation, in which he holds a 22.0140% interest.
• On April 1, 2025, Mr. Carrion acquired 107 restricted stock units (RSUs) as a result of dividend equivalents accrued on his existing RSUs.
• These RSUs will convert into common stock on a one-for-one basis and will be issued to Mr. Carrion on August 15th following his termination of service as a director.
• Following the reported transaction, Mr. Carrion directly owns 218,020 shares of common stock and 13,799 RSUs.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Future Outlook

The RSUs will convert into common stock on August 15th following the date of termination of service as a director.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock ownership and transactions. It's a standard practice for directors and officers of publicly traded companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the stock ownership of a key company director.

Key Dates

Keywords

Form 4, Beneficial Ownership, Richard L. Carrion, Popular, Inc., BPOP, Restricted Stock Units, Dividend Equivalents, Director