POPULAR, INC.·4

Jul 6, 8:34 AM ET

GOODWIN C KIM 4

4 · POPULAR, INC. · Filed Jul 6, 2026

Research Summary

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POPULAR (BPOP) Director Goodwin C. Kim Receives 80 RSUs

What Happened

  • Goodwin C. Kim, a director of Popular, Inc. (BPOP), received a derivative award of 80 restricted stock units (RSUs) on July 1, 2026. The award is reported at $0.00 per unit (no cash purchase); RSUs convert into common stock on a one-for-one basis under the plan terms.

Key Details

  • Transaction date: July 1, 2026 — Grant / award (derivative) of 80 RSUs at $0.00 per unit.
  • Filing date: Form 4 filed July 6, 2026 (five days after the reported transaction).
  • Ownership after transaction: Not specified in the provided excerpt. (Footnote F1 notes 178.787 shares were acquired via dividend reinvestment in exempt transactions.)
  • Relevant footnotes:
    • F1: 178.787 shares were acquired through dividend reinvestment (exempt under Rule 16a‑11).
    • F2: RSUs convert into common stock on a 1:1 basis.
    • F3: Some RSUs reflect dividend equivalents accrued and credited as additional RSUs under the same terms as the underlying awards.
    • F4: RSUs are issued as common shares on the August 15 following termination of service (per plan terms).

Context

  • This is an equity award (RSUs), a form of deferred compensation rather than an open‑market purchase or sale. RSU grants are common for directors and do not by themselves indicate immediate buying/selling of shares; conversion and issuance depend on plan conditions described above. The Form 4 was filed several days after the transaction date; Form 4s are typically due within two business days of the transaction, so investors may want to check the SEC filing history for any amendments or explanations.

Insider Transaction Report

Form 4
Period: 2026-07-01
Transactions
  • Award

    Restricted Stock Units

    [F2][F3][F4]
    2026-07-01+8016,901 total
    Common Stock Par Value $0.01 per share (80 underlying)
Holdings
  • Common Stock Par Value $0.01 per share

    [F1]
    44,447.154
Footnotes (4)
  • [F1]Includes 178.787 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 on the 15th of August following the date of termination of service as a director.
Signature
Marie Reyes-Rodriguez, Attorney-in-fact|2026-07-06

Documents

1 file
  • 4
    ownership.xmlPrimary

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