UNANUE CARLOS 4
Research Summary
AI-generated summary
Popular (BPOP) Director Carlos Unanue Receives RSU Award
What Happened
Carlos Unanue, a director of Popular, Inc. (BPOP), received an award of 1,477 restricted stock units (RSUs) on May 8, 2026. The award was reported as a derivative grant at $0.00 (no cash paid). The RSUs convert into common stock on a one-for-one basis and are issued under Popular’s 2020 Omnibus Incentive Plan. This is a compensation grant (an award), not an open‑market purchase or sale.
Key Details
- Transaction date: May 8, 2026; Grant (code A) of 1,477 RSUs at $0.00.
- Vesting: The award vests on May 8, 2027 (per filing footnote).
- Conversion/issuance: RSUs convert one-for-one into common stock; per the filing they are issued in equal annual installments on August 15 of each of the first five years following the date of termination of service as a director.
- Shares owned after transaction: Not specified in the provided filing details.
- Beneficial ownership disclaimer: The reporting person disclaims beneficial ownership of these securities (footnote).
- Filing timeliness: Form filed May 11, 2026 for the May 8 transaction (timely per the filing).
Context: RSU grants are routine compensation for directors and executives and do not by themselves indicate a buy or sell market signal. These RSUs are a derivative award that will convert into common shares per the plan and vesting/issuance schedule noted above.