GOODWIN C KIM 4
4 · POPULAR, INC. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
POPULAR, INC. Director Goodwin C Kim Receives Award of 91 RSUs
What Happened
Goodwin C. Kim, a director of POPULAR, INC. (BPOP), was granted 91 restricted stock units (RSUs) on April 1, 2026. The grant is reported as a derivative award at $0.00 per share (no cash paid). This was an award/compensation transaction (code A), not an open-market buy or sale.
Key Details
- Transaction date: 2026-04-01; reported on Form 4 filed 2026-04-02 (timely filing).
- Transaction type/code: Award/Grant (A); 91 RSUs @ $0.00 (derivative).
- Shares owned after transaction: not specified in the filing.
- Notable footnotes from the filing:
- F2: RSUs convert into common stock on a one-for-one basis.
- F3: The reported RSUs include dividend equivalents accrued on outstanding RSUs (dividend equivalents follow same terms as underlying RSUs).
- F4: RSUs are converted into shares and issued to the reporting person on the 15th of August following termination of service as a director.
- F1 (general note in filing): references 223.119 shares acquired via dividend reinvestment exempt under Rule 16a-11 (exempt from Section 16 reporting).
Context
RSU awards like this are compensation or dividend-equivalent accruals rather than market purchases or sales, so they don't directly signal buying or selling intent. As a derivative award, the RSUs will convert 1:1 into common shares under the terms noted (including issuance timing tied to termination per F4).
Insider Transaction Report
- Award
Restricted Stock Units
[F2][F3][F4]2026-04-01+91→ 15,915 total→ Common Stock Par Value $0.01 per share (91 underlying)
- 44,268.367
Common Stock Par Value $0.01 per share
[F1]
Footnotes (4)
- [F1]Includes 223.119 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]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.