CARRION RICHARD L 4
4 · POPULAR, INC. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
POPULAR (BPOP) Director Richard Carrion Acquires 564 Shares
What Happened Richard L. Carrion, a director of Popular, Inc. (BPOP), recorded an indirect acquisition of 564 shares on 2026-02-19. The transaction price is listed as $0.00, meaning no cash was paid for these shares; the filing reports an increase in indirect ownership rather than a market purchase.
Key Details
- Transaction date: 2026-02-19; Form 4 filed 2026-02-20 (timely filing).
- Transaction type/code: "Other acquisition or disposition (J)" — reported as 564 shares acquired at $0.00.
- Shares owned after transaction: the form reports an indirect ownership increase of 564 shares; total Popular shares held indirectly by Carrion via the entity are not shown on the Form 4.
- Relevant footnotes:
- F1: The 564-share increase resulted from Junior Investment Corporation (JIC) redeeming part of a stockholder's interest and reallocating Popular shares pro rata among JIC shareholders.
- F2: Carrion holds approximately a 23.3234% interest in JIC (the entity that holds Popular shares).
- F3/F4: The filing also includes notes about restricted stock units converting one-for-one into common shares and issuance timing after termination of director service (not directly tied to this reallocation).
- No late filing indicated.
Context This was an indirect reallocation of shares within an investment vehicle (JIC), not an open-market purchase or sale by Carrion personally. Such reallocations change reported indirect ownership but do not necessarily reflect a personal cash investment or sale decision by the insider.
Insider Transaction Report
- Other
Common Stock Par Value $0.01 per share
[F1][F2]2026-02-19+564→ 75,031 total(indirect: Junior Investment)
- 193,020
Common Stock Par Value $0.01 per share
- 15,429
Restricted Stock Units
[F3][F4]→ Common Stock Par Value $0.01 per share (15,429 underlying)
Footnotes (4)
- [F1]The reporting person's indirect ownership in the shares of Popular, Inc. owned by Junior Investment Corporation (JIC) increased by 564 shares as a result of JIC's redemption of a portion of the shares of JIC held by one of its stockholders. Upon such redemption, for purposes of ascribing indirect ownership in Popular, Inc. shares to the reporting person, the shares of Popular, Inc. held by JIC were reallocated among the shareholders of JIC on a pro rata basis in accordance with each stockholder's resulting ownership percentage in JIC after the redemption, resulting in the aforementioned increase.
- [F2]Represents Mr. Carrion's indirect ownership in the shares of Popular, Inc. owned by Junior Investment Corporation in which he has approximately 23.3234% interest.
- [F3]Restricted stock units convert into common stock on a one-for-one basis.
- [F4]Restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person on the 15th of August following the date of termination of service as a director.