CARRION RICHARD L 4
4 · POPULAR, INC. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Popular (BPOP) Director Richard Carrion Receives RSU Award
What Happened
Richard L. Carrion, a director of Popular, Inc. (BPOP), received an award of 89 restricted stock units (RSUs) on April 1, 2026. The Form 4 reports the grant as a derivative award (transaction code A) with a reported acquisition price of $0.00; RSUs are non-cash equity compensation that convert into common stock on a one-for-one basis.
Key Details
- Transaction date: 2026-04-01; Filing date / accession: 2026-04-02 (timely filed).
- Transaction type/code: Award of RSUs (A); reported price: $0.00.
- Shares/units granted: 89 RSUs (convert 1:1 into common shares per filing).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- F1: Carrion has indirect ownership via Junior Investment Corporation (approx. 23.3234% interest).
- F2: RSUs convert into common stock on a one-for-one basis.
- F3: These RSUs reflect dividend equivalents accrued on outstanding RSUs; dividend equivalents follow the same terms as the underlying RSUs.
- F4: RSUs are issued on the 15th of August following termination of service as a director (per plan terms).
Context
This was a grant of restricted stock units (equity compensation), not an open-market purchase or sale. Such awards are typically part of director compensation and do not by themselves indicate a buy/sell decision by the director. The RSUs will convert into shares according to the plan terms described in the footnotes.
Insider Transaction Report
- Award
Restricted Stock Units
[F2][F3][F4]2026-04-01+89→ 15,518 total→ Common Stock Par Value $0.01 per share (89 underlying)
- 193,020
Common Stock Par Value $0.01 per share
- 75,031(indirect: Junior Investment)
Common Stock Par Value $0.01 per share
[F1]
Footnotes (4)
- [F1]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.
- [F2]Restricted stock units convert into common stock on a one-for-one basis.
- [F3]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.
- [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.