BPOP director awarded 48 RSUs as dividend equivalents

POPULAR, INC. director Betty K. DeVita received 48 Restricted Stock Units (RSUs) as a grant tied to dividend equivalents.

Rhea-AI Filing Summary

POPULAR, INC. director Betty K. DeVita received 48 Restricted Stock Units (RSUs) as a grant tied to dividend equivalents. These RSUs convert into common stock on a one-for-one basis and bring her directly held RSU-related units to 9,793. The RSUs are scheduled to be converted into shares and issued on the 15th of August following her termination of service as a director, under the same terms and conditions as the underlying RSUs.

Insider Trade Summary

Grant/Award: 48 shares

Grant/Award 1 txn

Insider DeVita Betty K

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	48	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 9,793 contracts (Direct)

Footnotes (3)

1. F1. Restricted stock units convert into common stock on a one-for-one basis.
2. F2. 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.
3. F3. 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: 48 units RSUs after transaction: 9,793 units Conversion ratio: 1 RSU : 1 share +2 more

5 metrics

RSUs granted 48 units Grant/award acquisition on Restricted Stock Units

RSUs after transaction 9,793 units Total RSU-related holdings following the grant

Conversion ratio 1 RSU : 1 share RSUs convert into common stock on a one-for-one basis

Transaction price per unit $0.0000 Grant of RSUs as compensation, not a market purchase

Settlement timing 15th of August Shares issued after director’s termination of service

Key Terms

Restricted Stock Units, RSUs, dividend equivalents, common stock, +1 more

5 terms

Restricted Stock Units financial

"Reflects Restricted Stock Units ("RSUs") received by the reporting person as a result of dividend equivalents"

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.

RSUs financial

"Dividend equivalents on RSUs are subject to the same terms and conditions as the underlying RSUs"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

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.

common stock financial

"Restricted stock units convert into common stock on a one-for-one basis"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

termination of service as a director financial

"issued to the reporting person on the 15th of August following the date of termination of service as a director"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did POPULAR, INC. (BPOP) report for Betty K. DeVita?

POPULAR, INC. reported that director Betty K. DeVita acquired 48 Restricted Stock Units (RSUs) as a grant. These RSUs arose from dividend equivalents credited on her existing RSUs, adding to her overall equity-based compensation position.

How many Restricted Stock Units does Betty K. DeVita hold after this BPOP Form 4?

After the transaction, Betty K. DeVita holds 9,793 RSUs directly. This total includes the 48 newly granted units received as dividend equivalents on previously granted RSUs, reflecting her cumulative unconverted RSU-based awards.

What are the terms of the BPOP Restricted Stock Units reported for DeVita?

The reported Restricted Stock Units convert into common stock on a one-for-one basis. According to the disclosure, they are converted into an equivalent number of common shares and issued on the 15th of August following the director’s termination of service.

Why did Betty K. DeVita receive 48 additional RSUs from POPULAR, INC. (BPOP)?

She received the 48 RSUs as a result of dividend equivalents accrued on her outstanding RSUs. The dividend equivalents are credited at the same rate and time as dividends paid to ordinary shareholders and are subject to the same terms as the underlying RSUs.

Do the RSUs reported for BPOP director DeVita pay cash dividends?

The RSUs themselves do not pay cash dividends directly to the holder. Instead, dividend equivalents accrue on the outstanding RSUs at the same rate and time as ordinary dividends, and these equivalents are credited as additional RSUs subject to the same terms.

When will Betty K. DeVita receive BPOP common stock from these RSUs?

The disclosure states that the Restricted Stock Units will be converted into an equivalent number of common shares and issued on the 15th of August following her date of termination of service as a director, not immediately upon grant.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/06/2026 - 08:34 AM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DeVita Betty K

(Last) (First) (Middle)

P O BOX 362708

(Street)

SAN JUAN PUERTO RICO 00936-2708

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
POPULAR, INC. [ BPOP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	07/01/2026		A(2)		48		(3)	(3)	Common Stock Par Value $0.01 per share	48	$0	9,793	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. 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.

3. 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.

	Marie Reyes-Rodriguez, Attorney-in-fact	07/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)