Popular director awarded 82 RSUs via dividends
POPULAR, INC. director Maria Luisa Ferre reported a small, routine equity compensation update.
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Form Type
4
Rhea-AI Filing Summary
POPULAR, INC. director Maria Luisa Ferre reported a small, routine equity compensation update. She received 82 restricted stock units (RSUs) as dividend equivalents on existing RSUs, at a stated price of $0.00 per unit.
These RSUs convert into common stock on a one-for-one basis and are issued on the 15th of August following the end of her service as a director. After this grant, she holds 17,494 RSUs. Her common stock holdings total 37,476.962 shares directly and 13,541 shares indirectly through The Luis A. Ferre Foundation, Inc., including 150.750 shares from dividend reinvestment.
Insider Trade Summary
Grant/Award: 82 shares
Grant/Award
3 txns
Insider
Ferre Maria Luisa
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 82 | $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 — 17,494 contracts (Direct);
Common Stock Par Value $0.01 per share — 37,476.962 shares (Direct);
Common Stock Par Value $0.01 per share — 13,541 shares (Indirect, The Luis A. Ferre Foundation, Inc.)
Footnotes (5)
- F1. Includes 150.750 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. Ms. Ferre is the President and a Trustee of the Luis A Ferre Foundation, Inc.
- 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
RSUs granted: 82 units
RSUs outstanding: 17,494 units
Direct common shares: 37,476.962 shares
+3 more
6 metrics
RSUs granted
82 units
Dividend-equivalent RSUs granted on 2026-07-01
RSUs outstanding
17,494 units
Total restricted stock units after grant
Direct common shares
37,476.962 shares
Direct BPOP holdings following reported update
Indirect common shares
13,541 shares
Held through The Luis A. Ferre Foundation, Inc.
Dividend reinvestment shares
150.750 shares
Acquired via dividend reinvestment under Rule 16a-11
RSU conversion ratio
1:1
Each RSU converts into one common share
Key Terms
Restricted Stock Units, dividend equivalents, Rule 16a-11, Section 16 of the Securities Exchange Act of 1934, +1 more
5 terms
Restricted Stock Units financial
"Reflects Restricted Stock Units ("RSUs") received by the reporting person as a result of dividend equivalents"
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.
Rule 16a-11 regulatory
"transactions exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder"
Section 16 of the Securities Exchange Act of 1934 regulatory
"exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
The Luis A. Ferre Foundation, Inc. financial
"Ms. Ferre is the President and a Trustee of the Luis A Ferre Foundation, Inc."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Maria Luisa Ferre report for POPULAR, INC. (BPOP)?
Maria Luisa Ferre reported receiving 82 restricted stock units as dividend equivalents on existing RSUs. These units were granted at $0.00 per unit and increase her deferred equity-based compensation tied to Popular, Inc. common stock.
How many restricted stock units does Maria Luisa Ferre hold in BPOP after this Form 4?
After this update, Maria Luisa Ferre holds 17,494 restricted stock units. Each RSU is scheduled to convert into one share of Popular, Inc. common stock after her service as a director ends, with issuance on the following August 15.
What are dividend equivalents on RSUs in the BPOP Form 4 filing?
Dividend equivalents on RSUs are additional units accrued when dividends are paid to ordinary shareholders. In this case, Ferre received 82 RSUs as dividend equivalents, credited at the same rate and time as cash dividends on Popular, Inc. common stock.
When will Maria Luisa Ferre’s BPOP restricted stock units convert into common stock?
The restricted stock units convert into an equivalent number of Popular, Inc. common shares on the 15th of August following the date her service as a director ends. Shares are then issued to her according to this schedule.
What exempt dividend reinvestment transactions are disclosed for BPOP in this filing?
The filing notes that 150.750 Popular, Inc. shares were acquired through dividend reinvestment. These transactions were exempt from Section 16 reporting under Rule 16a-11, which covers certain dividend or interest reinvestment plans.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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