Popular director gets 141 RSUs via dividends
POPULAR, INC. director Carlos Unanue reported an acquisition of 141 restricted stock units (RSUs) on an award basis tied to dividend equivalents.
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Form Type
4
Rhea-AI Filing Summary
POPULAR, INC. director Carlos Unanue reported an acquisition of 141 restricted stock units (RSUs) on an award basis tied to dividend equivalents. These RSUs convert into common stock on a one-for-one basis and are subject to the same terms as his existing RSUs.
After this transaction, he directly holds 25,473 RSUs and 58,878.817 shares of common stock, which include shares acquired through dividend reinvestment. An additional 75,731 common shares are reported as held indirectly by his mother, for which he disclaims beneficial ownership.
Insider Trade Summary
Grant/Award: 141 shares
Grant/Award
3 txns
Insider
UNANUE CARLOS
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 141 | $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 — 25,473 contracts (Direct);
Common Stock Par Value $0.01 per share — 58,878.817 shares (Direct);
Common Stock Par Value $0.01 per share — 75,731 shares (Indirect, By mother)
Footnotes (5)
- F1. Includes 236.134 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: 141 units
RSUs held after grant: 25,473 units
Direct common shares: 58,878.817 shares
+2 more
5 metrics
RSUs granted
141 units
Restricted Stock Units awarded on 2026-04-01
RSUs held after grant
25,473 units
Total restricted stock units following transaction
Direct common shares
58,878.817 shares
Direct Popular common stock holdings after transaction
Indirect common shares
75,731 shares
Common stock held indirectly by mother, disclaimed
Dividend reinvestment shares
236.134 shares
Shares acquired via dividend reinvestment exempt under Rule 16a-11
Key Terms
Restricted Stock Units, dividend equivalents, Section 16 of the Securities Exchange Act of 1934, Rule 16a-11, +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.
Section 16 of the Securities Exchange Act of 1934 regulatory
"acquired in transactions exempt from Section 16 of the Securities Exchange Act of 1934"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
Rule 16a-11 regulatory
"exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder."
disclaims beneficial ownership financial
"The reporting person disclaims beneficial ownership of these securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Popular (BPOP) director Carlos Unanue report?
Carlos Unanue reported receiving 141 restricted stock units as a grant linked to dividend equivalents. These RSUs convert into common stock on a one-for-one basis and follow the same terms and conditions as his previously granted RSUs.
How many restricted stock units does Carlos Unanue hold after this Form 4?
Following the reported grant, Carlos Unanue holds 25,473 restricted stock units. These RSUs are scheduled to convert into an equivalent number of Popular common shares under the company’s director RSU program terms described in the filing’s footnotes.
How and when will Carlos Unanue’s RSUs in Popular convert into common stock?
The restricted stock units convert into Popular common stock on a one-for-one basis. Shares are scheduled to be issued in equal annual installments on each August 15 of the first five years after his termination of service as a director.
What are dividend equivalents on Popular (BPOP) RSUs mentioned in the filing?
Dividend equivalents are additional RSUs credited at the same rate and time as dividends paid to ordinary shareholders. For Carlos Unanue, these dividend equivalents on RSUs are subject to the same terms and conditions as the underlying RSU awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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