GOODWIN C KIM 4
Research Summary
AI-generated summary
POPULAR (BPOP) Director Goodwin C. Kim Receives 906-Share Award
What Happened
Goodwin C. Kim, a director of Popular, Inc. (BPOP), received an award of 906 restricted stock units (RSUs) on May 8, 2026. The grant was reported on a Form 4 filed May 11, 2026. The RSUs were granted at $0.00 (no cash paid); they are derivative awards that convert into one share of common stock per RSU when vested or otherwise payable.
Key Details
- Transaction type: Award / Grant of RSUs (code A on Form 4).
- Grant date: May 8, 2026; Form 4 filed May 11, 2026.
- Quantity: 906 RSUs; acquisition price reported as $0.00.
- Vesting/payable: Award vests on May 8, 2027 (Footnote F2). RSUs convert 1-for-1 into common stock (F1). Per filing, converted shares are issued on the August 15 following termination of service as a director (F3).
- Shares owned after transaction: Not disclosed in the provided details.
- Filing timeliness: No late filing flag noted in the provided data.
Context
This was an equity compensation grant (RSUs), not an open-market purchase or sale. RSU grants are routine compensation for directors and do not by themselves signal a buy/sell decision—value is realized only when RSUs vest and convert to shares (and, per this filing, may be issued upon termination timing described). For investors tracking insider activity, purchases are generally more directly informative than grants, but RSU grants indicate ongoing compensation alignment with shareholders.