Popular director awarded 79 RSUs via dividends
POPULAR, INC. director Richard L. Carrion reported a small equity compensation update tied to existing awards.
Rhea-AI Filing Summary
POPULAR, INC. director Richard L. Carrion reported a small equity compensation update tied to existing awards. He received 79 restricted stock units (RSUs) as dividend equivalents on previously granted RSUs, with each unit convertible into one share of common stock.
After these entries, he holds 193,020 shares of common stock directly and has an indirect interest in 75,031 shares owned by Junior Investment Corporation, where he holds about 23.3234% interest. His outstanding RSU balance increased to 16,503 units, which convert into common stock on the 15th of August following the end of his board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 79 shares
Grant/Award
3 txns
Insider
CARRION RICHARD L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 79 | $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 — 16,503 contracts (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 Corporation)
Footnotes (4)
- F1. 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.
- 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 on the 15th of August following the date of termination of service as a director.
Key Figures
RSUs granted: 79 units
RSUs outstanding: 16,503 units
Direct common shares: 193,020 shares
+3 more
6 metrics
RSUs granted
79 units
Dividend equivalent RSUs granted to director
RSUs outstanding
16,503 units
Total restricted stock units after transaction
Direct common shares
193,020 shares
Direct POPULAR, INC. common stock holdings
Indirect common shares
75,031 shares
Shares held by Junior Investment Corporation
Interest in entity
23.3234%
Carrion’s interest in Junior Investment Corporation
RSU conversion ratio
1:1
Each RSU converts into one common share
Key Terms
Restricted Stock Units, dividend equivalents, indirect ownership, derivative transaction
4 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.
indirect ownership financial
"Represents Mr. Carrion's indirect ownership in the shares of Popular, Inc. owned by Junior Investment Corporation"
derivative transaction financial
"Reflects Restricted Stock Units ("RSUs") received by the reporting person as a result of dividend equivalents accrued"
FAQ
What insider activity did POPULAR, INC. (BPOP) disclose for Richard L. Carrion?
POPULAR, INC. disclosed that director Richard L. Carrion received 79 restricted stock units as dividend equivalents on existing RSUs. These are compensation-related awards, not open-market trades, and increase his total RSU holdings while leaving his reported share counts otherwise unchanged.
What restricted stock units did Richard L. Carrion receive from POPULAR, INC. (BPOP)?
Richard L. Carrion received 79 restricted stock units as a grant categorized as a derivative transaction. These RSUs stem from dividend equivalents on outstanding awards and convert into an equal number of POPULAR, INC. common shares when ultimately settled under the plan’s terms.
How many restricted stock units does Richard L. Carrion now hold at POPULAR, INC.?
Following the 79-unit dividend equivalent grant, Richard L. Carrion holds 16,503 restricted stock units. Each RSU converts into one POPULAR, INC. common share, providing stock-based compensation that is generally settled after his service as a director ends under the specified schedule.
When are POPULAR, INC. restricted stock units for Richard L. Carrion delivered?
According to the disclosure, Richard L. Carrion’s restricted stock units are converted into an equivalent number of POPULAR, INC. common shares and issued on the 15th of August following the date his service as a director terminates, aligning delivery with his departure from the board.
What does Richard L. Carrion’s indirect ownership in POPULAR, INC. represent?
The filing states that 75,031 POPULAR, INC. shares are owned by Junior Investment Corporation. Richard L. Carrion’s reported indirect ownership reflects approximately 23.3234% interest in that entity, giving him an economic stake in those shares rather than direct share registration in his own name.
AI-generated analysis. How Rhea-AI works. Not financial advice.
