Popular (NASDAQ: BPOP) director adds 89 RSUs, holds over 268K shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
POPULAR, INC. director Richard L. Carrion received 89 restricted stock units (RSUs). These RSUs were credited as dividend equivalents on his existing RSUs and convert into common stock on a one-for-one basis. The RSUs are delivered on the 15th of August after his service as a director ends.
After this award, he holds 15,518 RSUs and directly owns 193,020 shares of common stock. He is also attributed indirect ownership of 75,031 shares held by Junior Investment Corporation, in which he has a 23.3234% interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
CARRION RICHARD L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 89 | $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 — 15,518 shares (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)
Footnotes (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. Restricted stock units convert into common stock on a one-for-one basis. 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. 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
RSUs granted: 89 RSUs
RSU holdings after grant: 15,518 RSUs
Direct common shares: 193,020 shares
+3 more
6 metrics
RSUs granted
89 RSUs
Dividend-equivalent award on outstanding RSUs
RSU holdings after grant
15,518 RSUs
Total restricted stock units following transaction
Direct common shares
193,020 shares
Direct ownership of Popular, Inc. common stock
Indirect common shares
75,031 shares
Held by Junior Investment Corporation
Interest in Junior Investment
23.3234%
Carrion’s interest in Junior Investment Corporation
RSU conversion rate
1:1 into common stock
Restricted stock units convert into common shares
Key Terms
Restricted Stock Units, dividend equivalents, indirect ownership, Junior Investment Corporation, +1 more
5 terms
Restricted Stock Units financial
"Reflects Restricted Stock Units ("RSUs") received by the reporting person"
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
"as a result of dividend equivalents accrued with respect to outstanding RSUs"
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.
indirect ownership financial
"Represents Mr. Carrion's indirect ownership in the shares of Popular, Inc."
Junior Investment Corporation financial
"shares of Popular, Inc. owned by Junior Investment Corporation in which he has approximately 23.3234% interest"
one-for-one basis financial
"Restricted stock units convert into common stock on a one-for-one basis."
FAQ
What insider transaction did BPOP director Richard L. Carrion report?
Richard L. Carrion reported receiving 89 restricted stock units in Popular, Inc. These RSUs were granted as dividend equivalents on his existing RSUs and will convert into common stock on a one-for-one basis after his board service ends.
How many Popular, Inc. RSUs does Richard L. Carrion now hold?
Following the latest grant, Richard L. Carrion holds 15,518 restricted stock units of Popular, Inc. These RSUs convert into an equal number of common shares and are scheduled to be issued after his service as a director terminates.
What are the delivery terms for Richard L. Carrion’s BPOP restricted stock units?
Carrion’s restricted stock units are converted into common stock and issued to him on the 15th of August following the date he ceases serving as a director. Until then, they remain RSUs that track dividend equivalents like ordinary shareholders.
What does the Junior Investment Corporation holding mean for BPOP ownership?
Junior Investment Corporation holds 75,031 Popular, Inc. shares attributed indirectly to Carrion. He has approximately a 23.3234% interest in this entity, so the filing clarifies his partial economic stake in those shares rather than full direct ownership.
How are dividend equivalents treated on Richard L. Carrion’s BPOP RSUs?
Dividend equivalents on Carrion’s RSUs are accrued at the same rate and time as dividends paid to ordinary shareholders. These equivalents are credited as additional RSUs and are subject to the same terms and conditions as the original RSU awards.