Popular director awarded 80 RSUs as dividends
POPULAR, INC. director Kim C. Goodwin reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
POPULAR, INC. director Kim C. Goodwin reported routine equity compensation activity. She received 80 Restricted Stock Units as dividend equivalents tied to existing RSUs, which convert into common stock on a one-for-one basis. Following these updates, she holds 44,447.154 common shares directly and 16,901 RSUs.
Insider Trade Summary
Grant/Award: 80 shares
Grant/Award
2 txns
Insider
GOODWIN C KIM
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 80 | $0.00 | $0.00 |
| holding | Common Stock Par Value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 16,901 contracts (Direct);
Common Stock Par Value $0.01 per share — 44,447.154 shares (Direct)
Footnotes (4)
- F1. Includes 178.787 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. Restricted stock units convert into common stock on a one-for-one basis.
- F3. 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.
- 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
Common shares held: 44,447.154 shares
RSUs granted as dividend equivalents: 80 RSUs
Total RSUs held: 16,901 RSUs
+2 more
5 metrics
Common shares held
44,447.154 shares
Total common stock directly held after transactions
RSUs granted as dividend equivalents
80 RSUs
New Restricted Stock Units received linked to dividend equivalents
Total RSUs held
16,901 RSUs
Restricted Stock Units following the reported grant
Dividend reinvestment shares
178.787 shares
Common shares acquired via dividend reinvestment transactions
RSU conversion ratio
1:1
Each RSU converts into one share of common stock
Key Terms
Restricted Stock Units, dividend equivalents, Section 16, Rule 16a-11
4 terms
Restricted Stock Units financial
"Reflects Restricted Stock Units ("RSUs") received by the reporting person as a result of dividend equivalents accrued"
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 to ordinary shareholders"
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.
Section 16 regulatory
"transactions exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder"
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.
Rule 16a-11 regulatory
"exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did POPULAR, INC. (BPOP) director Kim C. Goodwin report?
Kim C. Goodwin reported a routine equity compensation update, receiving 80 Restricted Stock Units as dividend equivalents on existing RSUs. These units are tied to dividends paid to ordinary shareholders and follow the same terms as the underlying RSUs.
How many POPULAR, INC. (BPOP) RSUs does Kim C. Goodwin hold after this Form 4?
After this Form 4, Kim C. Goodwin holds 16,901 Restricted Stock Units. This total includes 80 RSUs received as dividend equivalents, which accrue at the same rate and time as dividends paid to ordinary shareholders on the underlying RSUs.
How do POPULAR, INC. (BPOP) RSUs reported by Kim C. Goodwin convert to common stock?
The Restricted Stock Units convert into POPULAR, INC. common stock on a one-for-one basis. They are issued to the director on the 15th of August following the date of termination of service as a director, according to the disclosed terms.
What are dividend equivalents on POPULAR, INC. (BPOP) RSUs for Kim C. Goodwin?
Dividend equivalents on RSUs accrue for Kim C. Goodwin at the same rate and time as dividends paid to ordinary shareholders. These dividend equivalents are subject to the same terms and conditions as the underlying RSUs and result in additional RSUs, such as the 80 units reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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