Popular director awarded 906 restricted stock units

POPULAR, INC. director Richard L. Carrion received an award of 906 restricted stock units (RSUs) on May 8, 2026 as compensation.

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Rhea-AI Filing Summary

POPULAR, INC. director Richard L. Carrion received an award of 906 restricted stock units (RSUs) on May 8, 2026 as compensation. The RSUs convert into common stock on a one-for-one basis.

The award vests on May 8, 2027, and the RSUs are converted into an equivalent number of shares of common stock and issued on the 15th of August following his termination of service as a director. After this grant, he holds 16,424 RSUs directly, along with 193,020 common shares directly and 75,031 common shares indirectly through Junior Investment Corporation, in which he has approximately 23.3234% interest.

Insider Trade Summary

Grant/Award: 906 shares

Grant/Award 3 txns

Insider CARRION RICHARD L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	906	$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 — 16,424 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)

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. Award of restricted stock units pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan. The award vests on May 8, 2027.
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: 906 units RSUs after grant: 16,424 units Direct common shares: 193,020 shares +3 more

6 metrics

RSUs granted 906 units Restricted stock unit award on May 8, 2026

RSUs after grant 16,424 units Total restricted stock units directly held after transaction

Direct common shares 193,020 shares Popular, Inc. common stock held directly

Indirect common shares 75,031 shares Indirect holdings via Junior Investment Corporation

Interest in Junior Investment 23.3234% Approximate interest in Junior Investment Corporation

Vesting date May 8, 2027 Vesting date for 906 RSUs

Key Terms

Restricted stock units, 2020 Omnibus Incentive Plan, indirect ownership, Junior Investment Corporation

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."

indirect ownership financial

"Represents Mr. Carrion's indirect ownership in the shares of Popular, Inc. owned by Junior Investment Corporation."

Junior Investment Corporation financial

"Owned by Junior Investment Corporation in which he has approximately 23.3234% interest."

FAQ

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

What did Popular, Inc. (BPOP) director Richard L. Carrion report on this Form 4?

Richard L. Carrion reported receiving an award of 906 restricted stock units from Popular, Inc. This grant is part of his director compensation and increases his total directly held RSUs to 16,424, alongside substantial direct and indirect holdings of Popular common stock.

How many restricted stock units did Richard L. Carrion receive from Popular, Inc. (BPOP)?

He received 906 restricted stock units as a grant or award. These RSUs convert into Popular, Inc. common stock on a one-for-one basis, increasing his total directly held RSUs to 16,424 units after the transaction reported in this Form 4 filing.

When do Richard L. Carrion’s newly granted Popular, Inc. (BPOP) RSUs vest?

The 906 restricted stock units vest on May 8, 2027. After vesting, they are converted into an equivalent number of Popular, Inc. common shares and issued on the 15th of August following his termination of service as a director.

How many Popular, Inc. (BPOP) shares does Richard L. Carrion hold directly and indirectly?

Following this grant, he holds 193,020 Popular, Inc. common shares directly and 75,031 shares indirectly. The indirect holdings are through Junior Investment Corporation, where he has approximately 23.3234% interest, as disclosed in the Form 4 footnotes.

What is the relationship between Richard L. Carrion and Junior Investment Corporation in the Popular, Inc. (BPOP) filing?

His indirect Popular, Inc. holdings are owned by Junior Investment Corporation. The filing states he has approximately 23.3234% interest in this entity, and the 75,031 indirectly owned shares represent his proportionate interest in its Popular, Inc. share ownership.

How are Popular, Inc. (BPOP) restricted stock units settled for Richard L. Carrion?

The restricted stock units convert into an equivalent number of Popular, Inc. common shares. The shares are issued to him on the 15th of August following the date his service as a director ends, according to the detailed footnote language in the filing.

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Accepted by SEC EDGAR 05/11/2026 - 05:29 PM EDT

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^*

CARRION RICHARD L

(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)
Common Stock Par Value $0.01 per share								193,020	D
Common Stock Par Value $0.01 per share								75,031	I⁽¹⁾	Junior Investment

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	⁽²⁾	05/08/2026		A⁽³⁾		906		⁽⁴⁾	⁽⁴⁾	Common Stock Par Value $0.01 per share	906	$0	16,424	D

Explanation of Responses:

1. 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.

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

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

4. 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