CARRION RICHARD L 4

What Happened

• Richard L. Carrion, a director of Popular, Inc. (BPOP), received an award of 79 derivative shares on 2026-07-01. The Form 4 reports these as acquired at $0.00 — they are restricted stock units (RSUs) rather than an open‑market purchase, so no cash changed hands. This is an award/grant transaction (code A) and not a sale.

Key Details

• Transaction date and filing: Transaction dated 2026-07-01; Form 4 filed 2026-07-02 (filed timely).
• Price: $0.00 per unit (derivative award/RSU).
• Shares received: 79 RSUs reported as acquired.
• Shares owned after transaction: The filing does not state total beneficial ownership in stock directly; it notes indirect ownership via Junior Investment Corporation (see below).
• Notable footnotes:
  • F1: Mr. Carrion has an approximately 23.3234% interest in Junior Investment Corporation, which indirectly owns shares of Popular, Inc.
  • F2: RSUs convert into common stock on a one-for-one basis.
  • F3: These 79 RSUs reflect dividend equivalents accrued on outstanding RSUs; dividend equivalents follow the same timing and terms as ordinary dividends and the underlying RSUs.
  • F4: RSUs are converted into shares and issued to the reporting person on the 15th of August following termination of director service (per plan terms).

Context

• These were derivative awards (RSUs) rather than a purchase — awards and dividend-equivalent RSUs are commonly part of director compensation and do not by themselves signal buying or selling intent. The RSUs will convert to common shares under the plan terms (one-for-one) and certain timing/vesting rules apply as noted in the footnotes.