BALLESTER ALEJANDRO M 4

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).