BALLESTER ALEJANDRO M 4

4 · POPULAR, INC. · Filed Apr 2, 2026

AI-generated summary of this filing

Updated Apr 2, 2026

Popular (BPOP) Director Alejandro Ballester Receives 91-Share RSU Award

What Happened

Alejandro Ballester, a director of Popular, Inc. (BPOP), was granted/received 91 derivative shares (reported as 91 shares @ $0.00) on April 1, 2026. The Form 4 lists the transaction as an award/grant (code A) of a derivative interest rather than an open-market purchase or sale. The reported acquisition price is $0, which is typical for restricted stock unit (RSU) awards where no cash changed hands at grant.

Key Details

Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (timely within required window).
Reported amount: 91 shares; reported price: $0.00; transaction type: Award/Grant (derivative).
Shares owned after transaction: Not specified in the provided excerpt of the filing.
Relevant footnotes included in the filing:
- F3: RSUs convert into common stock on a one-for-one basis.
- F4: The filing reflects RSUs received as dividend equivalents accrued on outstanding RSUs (dividend equivalents accrue the same as dividends to ordinary shareholders).
- F5: RSUs are issued in equal annual installments on Aug 15 of the first five years following termination of service (vesting/issuance schedule).
- F1/F2 (also present in filing) note some shares were acquired via dividend reinvestment and were exempt under Rule 16a-11.
No indication in the provided data that this was an exercise followed by an immediate sale (cashless exercise) or a gift.

Context

This was a grant of restricted stock units (derivative RSU award), not a market buy or sale; such awards are compensation-related and do not necessarily signal a personal purchase or sale intent. RSU awards are typically subject to vesting and conversion rules (see F3–F5). The filing appears timely (filed one day after the reported acquisition).

Form 4

Period: 2026-04-01

Director

Transactions

Award
Restricted Stock Units
[F3][F4][F5]
2026-04-01+91→ 15,915 total
→ Common Stock Par Value $0.01 per share (91 underlying)

Holdings

Footnotes (5)

[F1]Includes139.043 shares acquired pursuant to reinvestment of dividends paid by the Corporation. The shares were acquired in transactions exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder.
[F2]Includes 1.843 shares acquired pursuant to reinvestment of dividends paid by the Corporation. The shares were acquired in transactions exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder.
[F3]Restricted stock units convert into common stock on a one-for-one basis.
[F4]Reflects Restricted Stock Units ("RSUs") received by the reporting person as a result of dividend equivalents accrued with respect to outstanding RSUs granted to the reporting person. Dividend equivalents are accrued at the same rate and at the same time as dividends are paid to ordinary shareholders. Dividend equivalents on RSUs are subject to the same terms and conditions as the underlying RSUs.
[F5]Restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person in equal annual installments on each 15th of August of the first five years following the date of termination of service as a director.

Signature

Marie Reyes-Rodriguez, Attorney-in-act|2026-04-02

1 file