Form 4: Popular, Inc. Director Robert Carrady Increases Holdings Through Dividend Reinvestment and RSU Accrual

Popular, Inc. Director Robert Carrady reported an increase in his beneficial ownership of common stock and restricted stock units through dividend reinvestment and the accrual of dividend equivalents.

Summary

• Robert Carrady, a Director of Popular, Inc. (BPOP), filed a Form 4 statement reporting changes in his beneficial ownership.
• The filing indicates an earliest transaction date of July 1, 2025.
• Mr. Carrady directly holds 3,249.475 shares of common stock, which includes 7.111 shares acquired through dividend reinvestment, exempt from Section 16.
• He indirectly holds 2,750 shares of common stock through Plaza Escorial Cinema Corp., where he has a 62.5% ownership interest.
• On July 1, 2025, an additional 158 Restricted Stock Units (RSUs) were acquired as a result of dividend equivalents accrued on outstanding RSUs.
• Following these reported changes, Mr. Carrady beneficially owns a total of 25,024 Restricted Stock Units.
• These RSUs are scheduled to 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.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it indicates increased insider ownership and alignment of interests through routine equity compensation and dividend reinvestment, without any reported sales.

Positives

• Increased insider ownership through dividend reinvestment and RSU accrual, aligning director interests with shareholders.
• Dividend reinvestment indicates a long-term perspective and confidence in the company's dividend policy.

Future Outlook

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

Industry Context

This Form 4 filing reflects routine insider transaction disclosures for a financial institution, where directors often receive equity compensation and participate in dividend reinvestment plans, aligning their interests with long-term shareholder value.

Related Party Transactions

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

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholders due to higher beneficial ownership of common stock and RSUs.

Next Steps

• Conversion of 25,024 Restricted Stock Units into common stock on August 15th following the director's termination of service.

Key Dates

Keywords

Popular Inc, BPOP, Robert Carrady, SEC Form 4, Insider Trading, Beneficial Ownership, Restricted Stock Units, RSUs, Dividend Reinvestment, Corporate Governance, Director Holdings