Popular (BPOP) director receives 1,712 restricted stock units under 2020 plan

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

POPULAR, INC. director Jose Ramon Rodriguez received a grant of restricted stock units as part of his equity compensation. He was awarded 1,712 restricted stock units, which increase his directly held restricted stock unit balance to 16,412 units following this award.

The restricted stock units convert into common stock on a one-for-one basis. The award vests on May 8, 2027, and the units are converted into an equivalent number of common shares and issued on the 15th of August following his termination of service as a director.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rodriguez Jose Ramon

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,712	$0.00	--

Holdings After Transaction: Restricted Stock Units — 16,412 shares (Direct, null)

Footnotes (1)

Restricted stock units convert into common stock on a one-for-one basis. Award of restricted stock units pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan. The award vests on May 8, 2027. 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: 1,712 units RSUs after award: 16,412 units Conversion ratio: 1 unit : 1 share +2 more

5 metrics

RSUs granted 1,712 units Restricted stock unit award to director on May 8, 2026

RSUs after award 16,412 units Total restricted stock units directly held following transaction

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

Vesting date May 8, 2027 Vesting date of the 1,712 restricted stock units

Settlement date trigger August 15 following termination Date when RSUs are converted and issued after director leaves board

Key Terms

Restricted Stock Units, 2020 Omnibus Incentive Plan, vests, termination of service as a director

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.

2020 Omnibus Incentive Plan financial

"Award of restricted stock units pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan."

vests financial

"The award vests on May 8, 2027."

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."

Form 4 Insider Transactions: What Each Field Means →

05/11/2026 - 05:33 PM

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^*

Rodriguez Jose Ramon

(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)
05/08/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	05/08/2026		A⁽²⁾		1,712		⁽³⁾	⁽³⁾	Common Stock Par Value $0.01 per share	1,712	$0	16,412	D

Explanation of Responses:

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

2. Award of restricted stock units pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan. The award vests on May 8, 2027.

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-act	05/11/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did POPULAR, INC. (BPOP) report for Jose Ramon Rodriguez?

POPULAR, INC. reported that director Jose Ramon Rodriguez received a grant of 1,712 restricted stock units. This is a compensation-related equity award, not an open-market purchase or sale, and increases his total directly held restricted stock units to 16,412.

How many restricted stock units did the BPOP director hold after this Form 4 transaction?

After the award, director Jose Ramon Rodriguez holds 16,412 restricted stock units. This total includes the new grant of 1,712 units, all of which convert into an equal number of POPULAR, INC. common shares on a one-for-one basis upon settlement.

When do the newly granted BPOP restricted stock units vest for the director?

The 1,712 restricted stock units granted to director Jose Ramon Rodriguez vest on May 8, 2027. Vesting is the point at which the units are earned, though the actual common shares are issued later upon termination of his service as a director.

On what basis do POPULAR, INC. restricted stock units convert into common stock?

The restricted stock units convert into POPULAR, INC. common stock on a one-for-one basis. Each vested unit becomes one share of common stock when settled, providing a clear link between the number of units awarded and future shares received.

When are the BPOP director’s restricted stock units actually settled into common shares?

The restricted stock units are converted into an equivalent number of POPULAR, INC. common shares and issued on the 15th of August following the director’s termination of service. This timing links settlement to the end of board service rather than the vesting date.

Under which plan were the BPOP restricted stock units granted to the director?

The 1,712 restricted stock units were awarded under POPULAR, INC.'s 2020 Omnibus Incentive Plan. This plan governs equity-based compensation for eligible participants, including directors, and sets the terms for vesting, conversion into common stock, and eventual share issuance.