CARRION RICHARD L 4

What Happened

• Richard L. Carrion, a director of Popular, Inc. (BPOP), was granted 906 restricted stock units (RSUs) on May 8, 2026. The Form 4 reports an acquisition of 906 derivative securities at $0.00 (award), so the reported dollar value on the form is $0. These RSUs convert into one share of common stock each on a one-for-one basis when vested; they are not immediate common-stock holdings.

Key Details

• Transaction date: May 8, 2026; filing date: May 11, 2026 (filed timely).
• Transaction type/code: Award/Grant (A) of restricted stock units (derivative securities).
• Shares/units granted: 906 RSUs; reported price: $0.00; reported value on form: $0.
• Vesting and conversion: Award vests on May 8, 2027 (F3). RSUs convert into common stock on a one-for-one basis (F2). If Carrion ceases service as a director, RSUs are converted and issued on the August 15 following termination (F4).
• Ownership note: Footnote indicates Carrion has an indirect interest in shares held by Junior Investment Corporation (approximately 23.3234%) (F1).
• Shares owned after transaction: not specified in the provided filing.

Context

• This is a standard equity award granted under Popular’s 2020 Omnibus Incentive Plan, not an open-market purchase or sale. RSU grants are compensation/retention tools and do not reflect an immediate change in marketable common stock holdings until they vest and convert.