CARRADY ROBERT 4

What Happened

• Robert Carrady, a director of Popular, Inc. (BPOP), was granted 123 shares as a derivative award on July 1, 2026. The transaction is reported as an award/grant of restricted stock units (RSUs) with a reported acquisition price of $0 (no cash paid).
• The filing indicates these are RSU-related shares (convertible one-for-one into common stock) and include dividend-related share credits. A small portion (5.126 shares) was acquired pursuant to dividend reinvestment and was exempt from Section 16 reporting under Rule 16a-11.

Key Details

• Transaction date: July 1, 2026; Form 4 filed: July 2, 2026 (timely).
• Transaction type: Grant / award of derivatives (RSUs); 123 shares acquired at $0.00 (derivative award).
• Conversion: Footnotes state RSUs convert into common stock on a one-for-one basis (F3); dividend equivalents on RSUs were credited (F4).
• Timing of issuance: Footnote indicates RSUs are converted and issued to the reporting person on the 15th of August following termination of service as a director (F5) — meaning these awards are subject to plan timing/vesting terms.
• Indirect holdings: Popular common stock is also held by Plaza Escorial Cinema Corp., in which Mr. Carrady holds a 62.5% ownership interest (F2).
• Filing timeliness: Not marked late; filed the next day.

Context

• This transaction is a compensation-type award (RSUs/dividend equivalents), not an open-market purchase or sale; no cash was exchanged. Such awards generally reflect compensation plan activity rather than a direct personal market bet.
• For retail investors, awards tell you about insider compensation and potential future share issuance upon RSU conversion/vesting, but they do not by themselves signal buying or selling intent.