Popular, Inc. (NASDAQ: BPOP) director receives new restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
POPULAR, INC. director Maria Luisa Ferre reported an award of 1,141 restricted stock units (RSUs) that convert into common stock on a one-for-one basis. This is a compensation-related grant, not an open-market share purchase or sale.
Following the award, she holds 37,326.212 shares of common stock directly and 13,541 shares indirectly through The Luis A. Ferre Foundation, Inc. She also holds 17,412 RSUs in total. The new RSU award was granted under Popular, Inc.'s 2020 Omnibus Incentive Plan, vests on May 8, 2027, and RSUs are settled in common stock after her service as a director ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Ferre Maria Luisa
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,141 | $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 — 17,412 shares (Direct, null);
Common Stock Par Value $0.01 per share — 37,326.212 shares (Direct, null);
Common Stock Par Value $0.01 per share — 13,541 shares (Indirect, The Luis A. Ferre Foundation, Inc.)
Footnotes (1)
- Ms. Ferre is the President and a Trustee of the Luis A Ferre Foundation, Inc. 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
New RSU grant: 1,141 units
RSUs outstanding: 17,412 units
Direct common shares: 37,326.212 shares
+2 more
5 metrics
New RSU grant
1,141 units
Restricted stock units awarded on May 8, 2026
RSUs outstanding
17,412 units
Total restricted stock units held after award
Direct common shares
37,326.212 shares
Common Stock, par value $0.01 per share, held directly
Indirect common shares
13,541 shares
Common Stock held indirectly via The Luis A. Ferre Foundation, Inc.
RSU vesting date
May 8, 2027
Vesting date for 1,141 RSUs granted under 2020 Omnibus Incentive Plan
Key Terms
Restricted Stock Units, 2020 Omnibus Incentive Plan, indirect, grant/award acquisition
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 financial
"Indirect ownership through The Luis A. Ferre Foundation, Inc."
grant/award acquisition financial
"Transaction code A indicates a grant/award acquisition of RSUs."
FAQ
What did POPULAR, INC. (BPOP) director Maria Luisa Ferre report in this Form 4?
Maria Luisa Ferre reported receiving 1,141 restricted stock units (RSUs) as a compensation award. These RSUs convert into common stock on a one-for-one basis and increase her total RSU holdings while not involving any open-market share purchases or sales.
How many restricted stock units (RSUs) does Maria Luisa Ferre hold in BPOP after this award?
Following the new grant, Maria Luisa Ferre holds 17,412 restricted stock units tied to Popular, Inc. common stock. The award added 1,141 RSUs, which will ultimately convert into an equal number of shares, subject to the vesting schedule and settlement conditions.
When do Maria Luisa Ferre’s new POPULAR, INC. (BPOP) RSUs vest and settle?
The newly granted 1,141 RSUs vest on May 8, 2027 under the 2020 Omnibus Incentive Plan. According to the terms, vested RSUs are converted into common stock and issued on August 15 following the end of her service as a director.
Is Maria Luisa Ferre’s Form 4 for BPOP an open-market stock transaction?
No, the filing reflects a grant of restricted stock units, not an open-market buy or sell. RSU awards are part of director compensation, with shares delivered later upon vesting and after her service as a director ends, rather than immediate market trading.