Popular director Unanue acquires 159 stock units
The RSUs convert one-for-one into common shares and are issued each August 15 for five years after the director's service ends.
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Form Type
4
Rhea-AI Filing Summary
Popular, Inc. director Carlos Unanue acquired 159 restricted stock units on October 1, 2026, as dividend equivalents accrued on outstanding RSUs. The RSUs convert into common stock one-for-one. After the award, he reported 27,232 RSUs and 59,307 directly held common shares, including 239 shares acquired through dividend reinvestment. A separate holding entry lists 75,731 common shares held by his mother; Unanue disclaims beneficial ownership of those shares. No Rule 10b5-1 plan is reported.
Insider Trade Summary
Grant/Award: 159 shares
Grant/Award
3 txns
Insider
UNANUE CARLOS
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F3, F4, F5 | 159 | $0.00 | $0.00 |
| holding | Common Stock Par Value $0.01 per share F1 | -- | -- | -- |
| holding | Common Stock Par Value $0.01 per share F2 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 27,232 contracts (Direct);
Common Stock Par Value $0.01 per share — 59,306.911 shares (Direct);
Common Stock Par Value $0.01 per share — 75,731 shares (Indirect, By mother)
Footnotes (5)
- F1. Includes 238.877 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. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- 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 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
Restricted stock units acquired: 159 restricted stock units
Restricted stock units following transaction: 27,232 restricted stock units
Direct common-stock holdings: 59,307 shares
+2 more
5 metrics
Restricted stock units acquired
159 restricted stock units
October 1, 2026; dividend equivalents on outstanding RSUs
Restricted stock units following transaction
27,232 restricted stock units
Reported after the October 1, 2026 transaction
Direct common-stock holdings
59,307 shares
Reported following the October 1, 2026 transaction
Common shares held by mother
75,731 shares
Indirect holding; Unanue disclaims beneficial ownership
Shares acquired through dividend reinvestment
239 shares
Included in the reported direct common-stock holding
Key Terms
Restricted stock units, Dividend equivalents, Rule 16a-11, beneficial ownership
4 terms
Restricted stock units technical
"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"
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
"pursuant to Rule 16a-11 thereunder"
beneficial ownership regulatory
"disclaims beneficial ownership of these securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many BPOP restricted stock units did director Carlos Unanue receive?
Carlos Unanue received 159 restricted stock units on October 1, 2026, as dividend equivalents accrued with respect to outstanding RSUs. The dividend equivalents accrue at the same rate and time as dividends paid to ordinary shareholders and are subject to the same terms and conditions as the underlying RSUs. No Rule 10b5-1 plan is reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
