CARRION RICHARD L 4

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.