POPULAR director receives 23 dividend RSUs

POPULAR, INC. director Bertil E. Chappuis received a grant of 23 Restricted Stock Units (RSUs).

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Rhea-AI Filing Summary

POPULAR, INC. director Bertil E. Chappuis received a grant of 23 Restricted Stock Units (RSUs). These RSUs were awarded as dividend equivalents accruing on his existing RSUs, matching the rate and timing of dividends paid to ordinary shareholders.

After this award, Chappuis holds a total of 3,969 RSUs directly. Each RSU converts into one share of POPULAR, INC. common stock. The RSUs are scheduled to be delivered in equal annual installments on each August 15 of the first five years after his service as a director ends.

Insider Trade Summary

Grant/Award: 23 shares

Grant/Award 1 txn

Insider Chappuis Bertil E.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	23	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 3,969 contracts (Direct)

Footnotes (3)

F1. Restricted stock units convert into common stock on a one-for-one basis.
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.
F3. Restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person in equal annual installments on each 15th of August of the first five years following the date of termination of service as a director.

Key Figures

RSUs granted: 23 RSUs RSUs after transaction: 3,969 RSUs Conversion ratio: 1 RSU = 1 share +1 more

4 metrics

RSUs granted 23 RSUs Dividend-equivalent award on existing RSUs

RSUs after transaction 3,969 RSUs Total RSUs held by director after grant

Conversion ratio 1 RSU = 1 share RSUs convert to POPULAR, INC. common stock

Installment schedule 5 annual installments Each August 15 after termination of director service

Key Terms

Restricted Stock Units, dividend equivalents, underlying RSUs, par value

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.

dividend equivalents financial

"Dividend equivalents are accrued at the same rate and at the same time as dividends are paid"

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.

underlying RSUs financial

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

par value financial

"Common Stock Par Value $0.01 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

FAQ

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What insider transaction did POPULAR, INC. (BPOP) report for Bertil E. Chappuis?

POPULAR, INC. reported that director Bertil E. Chappuis received 23 Restricted Stock Units as a compensation-related award. These RSUs were issued as dividend equivalents tied to his existing RSUs and are not an open-market stock purchase or sale.

How many Restricted Stock Units does Bertil E. Chappuis hold after this BPOP transaction?

Following the award, Bertil E. Chappuis holds 3,969 Restricted Stock Units in POPULAR, INC. These RSUs represent future rights to receive an equal number of common shares, subject to the company’s settlement schedule after his board service ends.

What are the terms of the RSUs reported for POPULAR, INC. (BPOP) director Chappuis?

The RSUs convert into POPULAR, INC. common stock on a one-for-one basis. Shares are issued in equal annual installments every August 15 for five years, beginning after Chappuis’ service as a director ends, following the company’s deferred settlement structure.

Why did POPULAR, INC. (BPOP) grant 23 RSUs as dividend equivalents?

The 23 RSUs were granted as dividend equivalents on existing RSUs held by Chappuis. Dividend equivalents accrue at the same rate and time as cash dividends paid to ordinary shareholders, aligning director equity awards with overall shareholder distributions.

Are the POPULAR, INC. (BPOP) RSUs for Bertil E. Chappuis immediately deliverable shares?

No, the RSUs are not immediately deliverable shares. They represent future rights to common stock, which will be converted and issued in five equal annual installments each August 15 after Chappuis’ board service terminates, according to the plan terms.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/02/2026 - 03:28 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^*

Chappuis Bertil E.

(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)
04/01/2026

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)
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⁾	04/01/2026		A⁽²⁾		23		⁽³⁾	⁽³⁾	Common Stock Par Value $0.01 per share	23	$0	3,969	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 in equal annual installments on each 15th of August of the first five years following the date of termination of service as a director.

	Marie Reyes-Rodriguez, Attorney-in-act	04/02/2026
	** 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