Popular director awarded 75 RSUs via dividends

POPULAR, INC. director Jose Ramon Rodriguez reported an acquisition of 75 Restricted Stock Units (RSUs) tied to dividend equivalents on his existing RSUs.

Rhea-AI Filing Summary

POPULAR, INC. director Jose Ramon Rodriguez reported an acquisition of 75 Restricted Stock Units (RSUs) tied to dividend equivalents on his existing RSUs. These RSUs convert into common stock on a one-for-one basis. Following this grant, he holds 16,487 RSUs that will be settled in shares after his service as a director ends.

Insider Trade Summary

Grant/Award: 75 shares

Grant/Award 1 txn

Insider Rodriguez Jose Ramon

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	75	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 16,487 contracts (Direct)

Footnotes (3)

1. F1. Restricted stock units convert into common stock on a one-for-one basis.
2. 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.
3. F3. 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: 75 RSUs RSUs after transaction: 16,487 RSUs Conversion ratio: 1-for-1 into common stock +1 more

4 metrics

RSUs granted 75 RSUs Dividend equivalent grant on existing RSUs

RSUs after transaction 16,487 RSUs Total RSU holdings following the grant

Conversion ratio 1-for-1 into common stock Each RSU converts into one Popular, Inc. share

Settlement timing 15th of August after service ends RSUs convert after termination as director

Key Terms

Restricted Stock Units, dividend equivalents, one-for-one basis, termination of service as a director

4 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.

one-for-one basis financial

"Restricted stock units convert into common stock on a one-for-one basis"

termination of service as a director financial

"issued to the reporting person on the 15th of August following the date of termination of service as a director"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BPOP director Jose Ramon Rodriguez report?

He reported receiving 75 Restricted Stock Units. The units were granted as dividend equivalents on existing RSUs and represent additional stock-based compensation rather than an open-market share purchase or sale.

How many Popular, Inc. RSUs does Jose Ramon Rodriguez hold after this Form 4?

After this transaction, he holds 16,487 Restricted Stock Units. These units represent the right to receive an equivalent number of Popular, Inc. common shares once the settlement conditions are met.

How do Jose Ramon Rodriguez’s RSUs in BPOP convert into common stock?

The RSUs convert into Popular, Inc. common stock on a one-for-one basis. Each unit becomes one share when the company issues the stock in accordance with the plan’s settlement terms.

When will Jose Ramon Rodriguez receive Popular, Inc. shares from these RSUs?

The RSUs are converted into shares and issued on the 15th of August following his termination of service as a director. This timing applies to settlement of the restricted stock units.

What is the source of the 75 RSUs granted to Jose Ramon Rodriguez at Popular, Inc.?

They arise from dividend equivalents on his existing RSUs. Dividend equivalents are credited at the same rate and time as dividends to ordinary shareholders and are subject to the same terms as the underlying RSUs.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 07/06/2026 - 08:42 AM EDT Learn about SEC filing dates

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^*

Rodriguez Jose Ramon

(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)
07/01/2026

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	07/01/2026		A(2)		75		(3)	(3)	Common Stock Par Value $0.01 per share	75	$0	16,487	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 on the 15th of August following the date of termination of service as a director.

	Marie Reyes-Rodriguez, Attorney-in-fact	07/06/2026
	** 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)