UNANUE CARLOS 4
4 · POPULAR, INC. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
POPULAR (BPOP) Director Carlos Unanue Receives 141 RSU Award
What Happened Carlos Unanue, a director of POPULAR, Inc. (BPOP), received an award of 141 restricted stock units (RSUs) on April 1, 2026. The RSUs were granted at $0.00 cash cost (derivative award) and will convert into common stock on a one-for-one basis per the filing. This is an award/grant (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-04-01; Form 4 filed 2026-04-02 (no late filing indicated).
- Award: 141 RSUs; grant price reported as $0.00 (derivative acquisition code A).
- Conversion: RSUs convert into common shares on a one-for-one basis (Footnote F3).
- Dividend treatment: Dividend equivalents on RSUs were accrued and may have resulted in additional RSUs (Footnotes F4 and F1). The filing notes 236.134 shares were acquired via dividend reinvestment in transactions exempt under Rule 16a-11 (Footnote F1).
- Vesting/issuance timing: Converted shares are issued in equal annual installments on each August 15 of the first five years following termination of service as a director (Footnote F5).
- Beneficial ownership: The reporting person disclaims beneficial ownership of these securities; the filing states it should not be viewed as an admission of beneficial ownership (Footnote F2).
- Shares owned after transaction: Not specified in this Form 4.
Context
- This is an equity award (RSUs) to a director, a common form of compensation and retention tool; it is not a market purchase or sale that signals buying/selling activity.
- Dividend equivalents and reinvested dividends increased RSU/share counts per the footnotes; those transactions were treated as exempt under Rule 16a-11.
Insider Transaction Report
Form 4
POPULAR, INC.BPOP
UNANUE CARLOS
Director
Transactions
- Award
Restricted Stock Units
[F3][F4][F5]2026-04-01+141→ 25,473 total→ Common Stock Par Value $0.01 per share (141 underlying)
Holdings
- 58,878.817
Common Stock Par Value $0.01 per share
[F1] - 75,731(indirect: By mother)
Common Stock Par Value $0.01 per share
[F2]
Footnotes (5)
- [F1]Includes 236.134 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]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [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 in equal annual installments on each 15th of August of the first five years following the date of termination of service as a director.
Signature
Marie Reyes-Rodriguez, Attorney-in-act|2026-04-02