Popular director Carrion acquires 99 stock units

Q: How many RSUs did BPOP director Richard L. Carrion acquire?

Richard L. Carrion acquired 99 restricted stock units on October 1, 2026, as dividend equivalents accrued on his outstanding RSUs.

The RSUs convert one-for-one into common shares, issued on the 15th of August following termination of Carrion’s service as a director.

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Form Type

Rhea-AI Filing Summary

Popular, Inc. director Richard L. Carrion acquired 99 restricted stock units on October 1, 2026, as dividend equivalents accrued on outstanding RSUs. After the transaction, his direct RSU holdings were 16,602. He also reported direct ownership of 193,020 common shares and indirect ownership of 75,031 Popular shares owned by Junior Investment Corporation, in which he has approximately 23.3234% interest.

Insider Trade Summary

Grant/Award: 99 shares

Grant/Award 3 txns

Insider CARRION RICHARD L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units ^{F2, F3, F4}	99	$0.00	$0.00
holding	Common Stock Par Value $0.01 per share	--	--	--
holding	Common Stock Par Value $0.01 per share ^F1	--	--	--

Holdings After Transaction: Restricted Stock Units — 16,602 contracts (Direct); Common Stock Par Value $0.01 per share — 193,020 shares (Direct); Common Stock Par Value $0.01 per share — 75,031 shares (Indirect, Junior Investment Corporation)

Footnotes (4)

F1. Represents Mr. Carrion's indirect ownership in the shares of Popular, Inc. owned by Junior Investment Corporation in which he has approximately 23.3234% interest.
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.

Key Figures

Restricted stock units acquired: 99 restricted stock units Direct RSU holdings after transaction: 16,602 restricted stock units Direct common shares: 193,020 shares +2 more

5 metrics

Restricted stock units acquired 99 restricted stock units October 1, 2026; received as dividend equivalents

Direct RSU holdings after transaction 16,602 restricted stock units October 1, 2026

Direct common shares 193,020 shares Reported October 1, 2026

Indirect Popular shares held by Junior Investment Corporation 75,031 shares Reported October 1, 2026

Carrion’s interest in Junior Investment Corporation Approximately 23.3234% Indirect ownership disclosure

Key Terms

Restricted stock units, Dividend equivalents, underlying RSUs

3 terms

Restricted stock units financial

"Restricted stock units convert into common stock on a one-for-one basis."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Dividend equivalents financial

"Dividend equivalents are accrued at the same rate and at the same time as dividends are paid to ordinary shareholders."

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

underlying RSUs financial

"Dividend equivalents on RSUs are subject to the same terms and conditions as the underlying RSUs."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many RSUs did BPOP director Richard L. Carrion acquire?

Richard L. Carrion acquired 99 restricted stock units on October 1, 2026, as dividend equivalents accrued on his outstanding RSUs.

How do Richard L. Carrion’s BPOP RSUs convert into shares?

The restricted stock units convert into an equivalent number of common shares, which are issued to him on the 15th of August following the date his service as a director ends.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/05/2026 - 04:28 PM Accepted by SEC EDGAR 10/05/2026 - 04:28 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CARRION RICHARD L

(Last)

(First)

(Middle)

P O BOX 362708

(Street)

SAN JUAN

PUERTO RICO

00936-2708

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
POPULAR, INC. [ BPOP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock Par Value $0.01 per share								193,020	D
Common Stock Par Value $0.01 per share								75,031	I⁽¹⁾	Junior Investment Corporation

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽²⁾	10/01/2026		A⁽³⁾		99		⁽⁴⁾	⁽⁴⁾	Common Stock Par Value $0.01 per share	99	$0	16,602	D

Explanation of Responses:

1. Represents Mr. Carrion's indirect ownership in the shares of Popular, Inc. owned by Junior Investment Corporation in which he has approximately 23.3234% interest.

2. Restricted stock units convert into common stock on a one-for-one basis.

3. 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.

4. 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.

	Marie Reyes-Rodriguez, Attorney-in-fact	10/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR