UNANUE CARLOS 4
4 · POPULAR, INC. · Filed Jul 6, 2026
Research Summary
AI-generated summary of this filing
Popular (BPOP) Director Carlos Unanue Receives 123 RSUs
What Happened
Carlos Unanue, a director of Popular, Inc. (BPOP), was granted 123 restricted stock units (RSUs) on July 1, 2026. The award was recorded at $0.00 (no cash paid) and is reported as a derivative acquisition (RSUs that convert into common shares).
Key Details
- Transaction date: 2026-07-01; Form 4 filed: 2026-07-06. (Note: Form 4s are generally due within two business days of the transaction; this filing was submitted five days after the grant.)
- Amount: 123 RSUs granted at $0.00 (award/other acquisition code "A").
- Nature: Derivative award — RSUs that convert one-for-one into common stock (see footnote F3).
- Footnotes of note:
- F1: References 189.217 shares acquired via dividend reinvestment in transactions exempt under Rule 16a-11.
- F4: These RSUs include dividend equivalents accrued at the same times/rates as ordinary dividends.
- F5: Some RSUs are converted and issued in equal annual installments on August 15 of each of the first five years following termination of service.
- F2: Reporting person disclaims beneficial ownership of these securities (standard legal disclaimer in some filings).
- Shares owned after the transaction are not explicitly summarized in the transaction line; footnotes indicate related holdings and mechanics.
Context
This was an award of RSUs (not an open-market purchase or sale). RSUs are typically compensation and do not represent immediately tradable shares until they convert/vest; dividend equivalents and delayed issuance provisions can extend the time before shares are received. Because this is a grant (a non-cash award), it should not be interpreted as an immediate buying signal; it reflects compensation/award terms for a director.
Insider Transaction Report
- Award
Restricted Stock Units
[F3][F4][F5]2026-07-01+123→ 27,073 total→ Common Stock Par Value $0.01 per share (123 underlying)
- 59,068.034
Common Stock Par Value $0.01 per share
[F1] - 75,731(indirect: By mother)
Common Stock Par Value $0.01 per share
[F2]
Footnotes (5)
- [F1]Includes 189.217 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]The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F3]Restricted stock units convert into common stock on a one-for-one basis.
- [F4]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.
- [F5]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.