UNANUE CARLOS 4

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.