Popular Inc director gets 141 RSUs from dividends
POPULAR, INC. director Robert Carrady received a grant of 141 Restricted Stock Units as a result of dividend equivalents credited on his existing RSUs.
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Form Type
4
Rhea-AI Filing Summary
POPULAR, INC. director Robert Carrady received a grant of 141 Restricted Stock Units as a result of dividend equivalents credited on his existing RSUs. Each RSU will convert into one share of common stock after his service as a director ends.
Following this grant, he holds 25,473 RSUs and 3,269.165 shares of common stock directly, including 6.397 shares acquired through dividend reinvestment. In addition, 2,750 common shares are held indirectly by Plaza Escorial Cinema Corp., in which he has a 62.5% ownership interest.
Insider Trade Summary
Grant/Award: 141 shares
Grant/Award
3 txns
Insider
CARRADY ROBERT
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 — 3,269.165 shares (Direct);
Common Stock Par Value $0.01 per share — 2,750 shares (Indirect, Plaza Escorial Cinema Corp.)
Footnotes (5)
- F1. Includes 6.397 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. Popular, Inc.'s common stock held by Plaza Escorial Cinema Corp. of which Mr. Carrady has an ownership interest of 62.5%
- 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 on the 15th of August following the date of termination of service as a director.
Key Figures
New RSU grant: 141 RSUs
Total RSUs held: 25,473 RSUs
Direct common shares: 3,269.165 shares
+4 more
7 metrics
New RSU grant
141 RSUs
Grant on 2026-04-01 from dividend equivalents
Total RSUs held
25,473 RSUs
RSU balance following reported transaction
Direct common shares
3,269.165 shares
Direct Popular, Inc. common stock holdings after transaction
Dividend reinvestment shares
6.397 shares
Shares acquired via dividend reinvestment plan
Indirect common shares
2,750 shares
Held by Plaza Escorial Cinema Corp.
Ownership interest
62.5%
Carrady’s ownership interest in Plaza Escorial Cinema Corp.
Transaction date
2026-04-01
Date of RSU grant and updated holdings
Key Terms
Restricted Stock Units, dividend equivalents, Rule 16a-11, Section 16, +1 more
5 terms
Restricted Stock Units financial
"Reflects Restricted Stock Units ("RSUs") received by the reporting person"
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
"as a result of dividend equivalents accrued with respect to outstanding RSUs"
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.
Rule 16a-11 regulatory
"exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder"
Section 16 regulatory
"transactions exempt from Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
indirect ownership financial
"common stock held by Plaza Escorial Cinema Corp. of which Mr. Carrady has an ownership interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did POPULAR, INC. (BPOP) director Robert Carrady report in this Form 4?
He reported receiving 141 Restricted Stock Units as a compensation-related grant. These RSUs arose from dividend equivalents credited on previously granted RSUs and will convert one-for-one into common shares when his service as a director ends.
How many Restricted Stock Units does BPOP director Robert Carrady now hold?
After the latest grant, he holds a total of 25,473 Restricted Stock Units. These RSUs represent future rights to receive the company’s common stock on a one-for-one basis, generally following the termination of his service as a director.
What indirect ownership in POPULAR, INC. stock does Robert Carrady report?
The filing shows 2,750 Popular, Inc. common shares held by Plaza Escorial Cinema Corp. Carrady has a 62.5% ownership interest in this entity, so these shares are reported as indirect beneficial ownership associated with his stake.
How do the RSUs reported by BPOP’s director convert into common stock?
Each Restricted Stock Unit converts into one share of Popular, Inc. common stock. The shares are issued on August 15 following the date when Robert Carrady’s service as a director terminates, according to the terms described in the filing footnotes.
What are dividend equivalents on RSUs in the context of BPOP’s Form 4?
Dividend equivalents are additional RSUs credited at the same time and rate as dividends paid to ordinary shareholders. For Carrady, these equivalents accrued on his outstanding RSUs, and they are subject to the same terms and conditions as the original RSU awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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