BALLESTER ALEJANDRO M 4

4 · POPULAR, INC. · Filed Jul 2, 2026

AI-generated summary of this filing

Updated Jul 2, 2026

POPULAR (BPOP) Director Alejandro Ballester Receives 80 RSUs

What Happened

Alejandro M. Ballester, a director of POPULAR, INC. (BPOP), was awarded 80 restricted stock units (reported as a derivative acquisition) on 2026-07-01. The units were granted at $0.00 (no cash cost reported) and are recorded as an award/grant (transaction code A).

Key Details

Transaction date and type: 2026-07-01 — Award/Grant of 80 RSUs (derivative).
Price: $0.00 per unit (no purchase price).
Shares owned after transaction: not specified in the portions of the filing provided.
Filing date: 2026-07-02 — appears timely (filed the day after the reported transaction).
Notable footnotes from the filing:
- F1: Notes inclusion of 111.417 shares acquired via dividend reinvestment exempt under Rule 16a-11.
- F2: RSUs convert into common stock on a one-for-one basis.
- F3: These RSUs reflect dividend equivalents accrued with respect to outstanding RSUs; dividend equivalents follow the same terms as the underlying RSUs.
- F4: RSUs convert into shares and are issued in equal annual installments on August 15 of each of the first five years following termination of service as a director.

Context

This is an award of restricted stock units, not an open-market purchase or sale. RSU grants are commonly used as compensation and typically vest or convert to shares under specified schedules; they do not necessarily indicate immediate buying or selling sentiment. The filing indicates how and when the RSUs (and dividend equivalents) convert to shares and includes a dividend reinvestment note.

Form 4

Period: 2026-07-01

Director

Transactions

Award
Restricted Stock Units
[F2][F3][F4]
2026-07-01+80→ 16,901 total
→ Common Stock Par Value $0.01 per share (80 underlying)

Holdings

Footnotes (4)

[F1]Includes 111.417 shares acquired pursuant to reinvestment of dividends paid by the Corporation. The shares were acquired in transactions exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder.
[F2]Restricted stock units convert into common stock on a one-for-one basis.
[F3]Reflects Restricted Stock Units ("RSUs") received by the reporting person as a result of dividend equivalents accrued with respect to outstanding RSUs granted to the reporting person. Dividend equivalents are accrued at the same rate and at the same time as dividends are paid to ordinary shareholders. Dividend equivalents on RSUs are subject to the same terms and conditions as the underlying RSUs.
[F4]Restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person in equal annual installments on each 15th of August of the first five years following the date of termination of service as a director.

Signature

Marie Reyes-Rodriguez, Attorney-in-fact|2026-07-02

1 file