UNANUE CARLOS 4

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.