CARRADY ROBERT 4
4 · POPULAR, INC. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Popular (BPOP) Director Robert Carrady Receives Award of 141 Shares
What Happened Robert Carrady, a director of Popular, Inc. (BPOP), was credited with 141 shares on April 1, 2026 via an award (derivative acquisition) of restricted stock units (RSUs) recorded at $0.00 per share (total reported value $0). The award includes 6.397 shares acquired through dividend reinvestment that were exempt under Rule 16a-11.
Key Details
- Transaction date and type: April 1, 2026 — Award/Acquisition (code A) of 141 shares at $0.00 per share.
- Reported value: $0 (derivative RSU award).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- Includes 6.397 shares from dividend reinvestment exempt from Section 16 under Rule 16a-11.
- Some Popular stock is held by Plaza Escorial Cinema Corp., of which Mr. Carrady has a 62.5% ownership interest.
- RSUs convert into common stock on a one-for-one basis; dividend equivalents on RSUs were credited as additional RSUs and are subject to the same terms.
- RSUs are converted into shares and issued to the reporting person on the August 15 following termination of service (per plan terms).
- Filing timeliness: Report filed April 2, 2026 for a transaction on April 1, 2026; filing not indicated as late.
Context This was an RSU award/dividend-equivalent credit (derivative acquisition), not an open-market purchase or sale. RSU awards are a form of compensation and typically convert to common shares under the plan’s vesting/issuance rules, so they don't necessarily signal the insider buying or selling based on market view.
Insider Transaction Report
- Award
Restricted Stock Units
[F3][F4][F5]2026-04-01+141→ 25,473 total→ Common Stock Par Value $0.01 per share (141 underlying)
- 3,269.165
Common Stock Par Value $0.01 per share
[F1] - 2,750(indirect: Plaza Escorial Cinema Corp.)
Common Stock Par Value $0.01 per share
[F2]
Footnotes (5)
- [F1]Includes 6.397 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]Popular, Inc.'s common stock held by Plaza Escorial Cinema Corp. of which Mr. Carrady has an ownership interest of 62.5%
- [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 on the 15th of August following the date of termination of service as a director.