Popular director awarded 1,477 restricted units

POPULAR, INC. director Carlos Unanue received a grant of 1,477 restricted stock units, which convert into common stock on a one-for-one basis.

Rhea-AI Filing Summary

POPULAR, INC. director Carlos Unanue received a grant of 1,477 restricted stock units, which convert into common stock on a one-for-one basis. The award was made under Popular, Inc.'s 2020 Omnibus Incentive Plan and vests on May 8, 2027. After this grant, he holds 26,950 restricted stock units and 58,878.817 common shares directly. An additional 75,731 common shares are held indirectly by his mother, for which he disclaims beneficial ownership.

Insider Trade Summary

Grant/Award: 1,477 shares

Grant/Award 3 txns

Insider UNANUE CARLOS

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,477	$0.00	$0.00
holding	Common Stock Par Value $0.01 per share	--	--	--
holding	Common Stock Par Value $0.01 per share	--	--	--

Holdings After Transaction: Restricted Stock Units — 26,950 contracts (Direct); Common Stock Par Value $0.01 per share — 58,878.817 shares (Direct); Common Stock Par Value $0.01 per share — 75,731 shares (Indirect, By mother)

Footnotes (4)

1. F1. 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.
2. F2. Restricted stock units convert into common stock on a one-for-one basis.
3. F3. Award of restricted stock units pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan. The award vests on May 8, 2027.
4. F4. 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.

Key Figures

RSU grant: 1,477 units RSUs after grant: 26,950 units Direct common shares: 58,878.817 shares +2 more

5 metrics

RSU grant 1,477 units Restricted stock units granted to director on May 8, 2026

RSUs after grant 26,950 units Total restricted stock units held directly after transaction

Direct common shares 58,878.817 shares Common stock directly held after reported transactions

Indirect common shares 75,731 shares Shares held by mother; beneficial ownership disclaimed

Vesting date May 8, 2027 Vesting date for the 1,477 restricted stock units

Key Terms

Restricted stock units, Popular, Inc.'s 2020 Omnibus Incentive Plan, beneficial ownership, Section 16

4 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.

Popular, Inc.'s 2020 Omnibus Incentive Plan financial

"Award of restricted stock units pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan."

beneficial ownership financial

"The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Section 16 regulatory

"Beneficial owner of such securities for purposes of Section 16 or for any other purpose."

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

FAQ

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

What insider transaction did Carlos Unanue report for POPULAR, INC. (BPOP)?

Director Carlos Unanue reported receiving 1,477 restricted stock units in Popular, Inc. This equity award is a form of compensation and increases his derivative holdings, without representing an open-market purchase or sale of common shares.

How many restricted stock units did Carlos Unanue receive from POPULAR, INC. (BPOP)?

He received 1,477 restricted stock units that each convert into one share of common stock. These units were granted at a price of $0.00 per unit as part of his director compensation package.

When do Carlos Unanue’s new restricted stock units in POPULAR, INC. vest?

The 1,477 restricted stock units vest on May 8, 2027. After vesting, they are scheduled to be converted and delivered in equal annual installments after his service as a director ends, according to the plan terms.

What are Carlos Unanue’s POPULAR, INC. holdings after this Form 4 filing?

Following the grant, he holds 26,950 restricted stock units and 58,878.817 common shares directly. There are also 75,731 common shares held indirectly by his mother, for which he formally disclaims beneficial ownership under Section 16 rules.

What does it mean that some POPULAR, INC. shares are held by Carlos Unanue’s mother?

The filing shows 75,731 Popular, Inc. common shares held by his mother, classified as indirect ownership. A footnote states he disclaims beneficial ownership of these securities, meaning he does not treat them as his economic interest for Section 16 purposes.

Under which plan were the POPULAR, INC. restricted stock units granted to Carlos Unanue?

The 1,477 restricted stock units were granted under Popular, Inc.'s 2020 Omnibus Incentive Plan. This plan provides equity-based awards to directors and others, aligning their compensation with long-term shareholder interests through stock-linked incentives.

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

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Accepted by SEC EDGAR 05/11/2026 - 05:43 PM EDT Learn about SEC filing dates

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^*

UNANUE CARLOS

(Last) (First) (Middle)

PO BOX 601467

(Street)

BAYAMON PR PUERTO RICO 00960-6067

(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)
05/08/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock Par Value $0.01 per share								58,878.817	D
Common Stock Par Value $0.01 per share								75,731	I(1)	By mother

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	05/08/2026		A(3)		1,477		(4)	(4)	Common Stock Par Value $0.01 per share	1,477	$0	26,950	D

Explanation of Responses:

1. 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.

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

3. Award of restricted stock units pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan. The award vests on May 8, 2027.

4. 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.

	Marie Reyes-Rodriguez, Attorney-in-act	05/11/2026
	** 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)