Popular director awarded 123 RSUs from dividends
POPULAR, INC. director Carlos Unanue reported updated holdings and a routine equity award.
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Form Type
4
Rhea-AI Filing Summary
POPULAR, INC. director Carlos Unanue reported updated holdings and a routine equity award. He received 123 Restricted Stock Units (RSUs) as dividend equivalents, which convert into an equal number of common shares on a one-for-one basis.
Following these entries, he holds 59,068.034 common shares directly and 75,731 shares indirectly through his mother, for which he disclaims beneficial ownership. The RSUs are scheduled to be delivered in equal annual installments each August 15 over the first five years after his service as a director ends.
Insider Trade Summary
Grant/Award: 123 shares
Grant/Award
3 txns
Insider
UNANUE CARLOS
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 123 | $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 — 27,073 contracts (Direct);
Common Stock Par Value $0.01 per share — 59,068.034 shares (Direct);
Common Stock Par Value $0.01 per share — 75,731 shares (Indirect, By mother)
Footnotes (5)
- F1. Includes 189.217 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. 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.
- F3. Restricted stock units convert into common stock on a one-for-one basis.
- F4. 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.
- F5. 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: 123 units
Direct common shares: 59,068.034 shares
Indirect common shares: 75,731 shares
+3 more
6 metrics
RSUs granted
123 units
Dividend-equivalent RSUs granted on 2026-07-01
Direct common shares
59,068.034 shares
Common stock held directly after transactions
Indirect common shares
75,731 shares
Common stock reported as held by mother
Dividend reinvestment shares
189.217 shares
Acquired via dividend reinvestment under Rule 16a-11
RSU conversion ratio
1:1
Each RSU converts into one common share
RSU payout schedule
5 annual installments
Each August 15 after termination of director service
Key Terms
Restricted Stock Units, dividend equivalents, Rule 16a-11, beneficial ownership, +1 more
5 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.
dividend equivalents financial
"Dividend equivalents are accrued at the same rate and at the same time as dividends are paid"
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.
Rule 16a-11 regulatory
"transactions exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder"
beneficial ownership regulatory
"The reporting person disclaims beneficial ownership of these securities"
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
"exempt from Section 16 of the Securities Exchange Act of 1934"
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 activity did BPOP director Carlos Unanue report?
Carlos Unanue reported a routine equity award and updated holdings. He received 123 Restricted Stock Units as dividend equivalents and now holds 59,068.034 Popular, Inc. common shares directly, plus 75,731 shares reported as indirectly held through his mother.
How many Popular, Inc. RSUs did Carlos Unanue receive in this Form 4?
He received 123 Restricted Stock Units. These RSUs arose from dividend equivalents credited on outstanding RSUs, matching dividends paid to ordinary shareholders. Each RSU converts into one share of Popular, Inc. common stock under the plan’s terms.
What are the vesting and payment terms of Carlos Unanue’s Popular, Inc. RSUs?
The RSUs convert into Popular, Inc. common stock on a one-for-one basis. Shares are issued in equal annual installments on each August 15 during the first five years after his service as a director terminates, spreading delivery over that post-service period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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