BPOP Insider Filing: Director Receives 98 RSUs, Sells 36,940.763 Shares
Rhea-AI Filing Summary
Maria Luisa Ferre, a director of POPULAR, Inc. (BPOP), reported changes in her beneficial ownership on 10/01/2025. The filing shows a disposition of 36,940.763 shares of common stock and indirect ownership of 13,541 shares held by The Luis A. Ferre Foundation, Inc. The report also records receipt of 98 restricted stock units (RSUs) dated 10/01/2025, which convert one-for-one into common shares and are issued on the 15th of August following termination of directorship. Following the reported derivative transaction, the filing lists 16,080 shares beneficially owned by the reporting person.
Positive
- Received 98 RSUs as dividend equivalents, increasing long-term equity alignment
- Indirect holdings of 13,541 shares remain via The Luis A. Ferre Foundation, Inc.
Negative
- Disposed 36,940.763 shares on 10/01/2025, reducing direct share count
- Reported beneficial ownership after transactions shows 16,080 shares, indicating a net decline in direct holdings compared with the disposed amount
Insights
Director sold 36,940.763 shares and received 98 RSUs on 10/01/2025.
The Form 4 discloses a disposition of 36,940.763 shares and the acquisition of 98 RSUs tied to dividend equivalents. The filing separately records 13,541 shares held indirectly by The Luis A. Ferre Foundation, Inc.
Reported RSUs convert into common stock one-for-one and are issued on the 15th of August after a director's service termination; the report shows 16,080 total shares beneficially owned after the derivative entry.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 98 | $0.00 | -- |
| holding | Common Stock Par Value $0.01 per share | -- | -- | -- |
| holding | Common Stock Par Value $0.01 per share | -- | -- | -- |
Footnotes (1)
- Includes 193.632 shares acquired pursuant to reinvestment of dividends paid by the Corporation. The shares were acquired in transactions exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder. Ms. Ferre is the President and a Trustee of the Luis A Ferre Foundation, Inc. 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.
