Popular, Inc. (BPOP) director granted 1,477 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
UNANUE CARLOS
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,477 | $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 shares (Direct, null);
Common Stock Par Value $0.01 per share — 58,878.817 shares (Direct, null);
Common Stock Par Value $0.01 per share — 75,731 shares (Indirect, By mother)
Footnotes (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. Restricted stock units convert into common stock on a one-for-one basis. Award of restricted stock units pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan. The award vests on May 8, 2027. 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
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.
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.