BALLESTER ALEJANDRO M 4

What Happened Alejandro M. Ballester, a director of Popular, Inc. (BPOP), received an award of 906 restricted stock units (RSUs) on May 8, 2026. The grant was recorded as an award/acquisition at $0.00 (no cash paid). RSUs are derivative awards that convert into common stock on a one-for-one basis when vested or issued.

Key Details

• Transaction date: May 8, 2026; Transaction type: Award/Grant (code A); Amount: 906 RSUs; Price: $0.00.
• Award made under Popular, Inc.’s 2020 Omnibus Incentive Plan.
• Vesting: the award vests on May 8, 2027 (per filing footnote).
• Conversion/issuance timing: RSUs convert 1:1 to common stock; upon termination of director service, converted shares are issued in equal annual installments each August 15 over the first five years following termination.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing: Form 4 dated May 11, 2026 reporting the May 8 transaction — Form 4s are generally due within two business days of the transaction; check the full filing for any timeliness designation.

Context RSUs are a form of equity compensation, not an open‑market purchase or sale. They do not immediately increase the insider’s tradable share count until conversion/vesting and, per the filing, include a deferred issuance schedule tied to termination of service. Such awards are routine for compensation and do not by themselves indicate an insider buying or selling for market reasons.