Popular director granted 80 RSUs as dividend equivalents
POPULAR, INC. director Alejandro M. Ballester reported receiving additional restricted stock units as part of his existing equity compensation.
Rhea-AI Filing Summary
POPULAR, INC. director Alejandro M. Ballester reported receiving additional restricted stock units as part of his existing equity compensation. On July 1, 2026, he was granted 80 restricted stock units (RSUs), described as dividend equivalents that accrue at the same rate and time as dividends paid to ordinary shareholders.
The RSUs convert into common stock on a one-for-one basis and are scheduled to be delivered in equal annual installments on each August 15 of the first five years after his service as a director ends. Following these transactions, Ballester holds 34,699.1330 shares of common stock directly and 16,901.0000 RSUs, reflecting a routine, non-market compensation-related acquisition rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 80 shares
Grant/Award
2 txns
Insider
BALLESTER ALEJANDRO M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 80 | $0.00 | $0.00 |
| holding | Common Stock Par Value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 16,901 contracts (Direct);
Common Stock Par Value $0.01 per share — 34,699.133 shares (Direct)
Footnotes (4)
- F1. Includes 111.417 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.
- 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 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
RSUs granted: 80.0000 RSUs
RSU holdings after grant: 16,901.0000 RSUs
Common shares held: 34,699.1330 shares
+1 more
4 metrics
RSUs granted
80.0000 RSUs
Dividend-equivalent restricted stock units granted on July 1, 2026
RSU holdings after grant
16,901.0000 RSUs
Total restricted stock units held after the reported transaction
Common shares held
34,699.1330 shares
Direct common stock holdings after the reported transaction
Dividend reinvestment shares
111.417 shares
Common shares acquired via dividend reinvestment under Rule 16a-11
Key Terms
Restricted Stock Units, dividend equivalents, Section 16, Rule 16a-11
4 terms
Restricted Stock Units financial
"Reflects Restricted Stock Units ("RSUs") received by the reporting person as a result of dividend equivalents accrued"
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.
Section 16 regulatory
"transactions exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11"
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.
Rule 16a-11 regulatory
"transactions exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder"
FAQ
What insider transaction did BPOP director Alejandro M. Ballester report?
Alejandro M. Ballester reported receiving 80 restricted stock units as a grant. These RSUs are dividend equivalents tied to existing awards, representing a routine, non-market equity compensation adjustment rather than an open-market share purchase or sale.
How many Popular (BPOP) restricted stock units does Alejandro M. Ballester now hold?
After the reported grant, Alejandro M. Ballester holds 16,901.0000 restricted stock units. These RSUs convert into Popular common stock on a one-for-one basis and are part of his director compensation structure tied to long-term service.
Are the Popular (BPOP) RSUs reported by Alejandro M. Ballester tied to dividends?
Yes. The 80 RSUs reflect dividend equivalents accrued on outstanding restricted stock units. Dividend equivalents accrue at the same rate and time as dividends paid to ordinary shareholders and are subject to the same terms as the underlying RSUs.
When will Alejandro M. Ballester’s Popular (BPOP) RSUs convert into common stock?
The restricted stock units convert into an equal number of Popular common shares. They are issued in equal annual installments on each August 15 during the first five years after Alejandro M. Ballester’s termination of service as a director.
AI-generated analysis. How Rhea-AI works. Not financial advice.
