Popular director granted 123 RSUs from dividends
POPULAR, INC. director Robert Carrady reported a routine equity compensation update.
Rhea-AI Filing Summary
POPULAR, INC. director Robert Carrady reported a routine equity compensation update. He received 123 Restricted Stock Units (RSUs) credited as dividend equivalents on existing RSUs, with no cash paid per unit. These RSUs convert into common stock on a one-for-one basis.
After this grant, Carrady holds 27,073 RSUs, which are issued as common shares on the 15th of August following his termination of service as a director. He also holds 3,274.291 common shares directly, including 5.126 shares from dividend reinvestment, and 2,750 common shares indirectly through Plaza Escorial Cinema Corp., where he owns 62.5%.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 123 shares
Grant/Award
3 txns
Insider
CARRADY ROBERT
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 123 | $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 — 27,073 contracts (Direct);
Common Stock Par Value $0.01 per share — 3,274.291 shares (Direct);
Common Stock Par Value $0.01 per share — 2,750 shares (Indirect, Plaza Escorial Cinema Corp.)
Footnotes (5)
- F1. Includes 5.126 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. Popular, Inc.'s common stock held by Plaza Escorial Cinema Corp. of which Mr. Carrady has an ownership interest of 62.5%
- 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
New RSUs granted: 123 units
RSUs after transaction: 27,073 units
Direct common shares: 3,274.291 shares
+2 more
5 metrics
New RSUs granted
123 units
Dividend equivalents credited as RSUs
RSUs after transaction
27,073 units
Total Restricted Stock Units following grant
Direct common shares
3,274.291 shares
Common stock held directly after reported update
Indirect common shares
2,750 shares
Common stock held via Plaza Escorial Cinema Corp.
Dividend reinvestment shares
5.126 shares
Shares acquired through dividend reinvestment
Key Terms
Restricted Stock Units, dividend equivalents, Section 16 of the Securities Exchange Act of 1934, Rule 16a-11, +1 more
5 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
"Reflects Restricted Stock Units ("RSUs") received by the reporting person 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.
Section 16 of the Securities Exchange Act of 1934 regulatory
"transactions exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder"
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.
Rule 16a-11 regulatory
"transactions exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder"
dividend reinvestment financial
"Includes 5.126 shares acquired pursuant to reinvestment of dividends paid by the Corporation."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
FAQ
What did Popular, Inc. (BPOP) director Robert Carrady report in this Form 4?
Robert Carrady reported an equity compensation update, not an open-market trade. He received restricted stock units and updated his direct and indirect common share holdings in Popular, Inc., reflecting routine board-related compensation and dividend reinvestment activity.
How many Restricted Stock Units did Robert Carrady acquire in the latest Popular, Inc. (BPOP) filing?
Carrady acquired 123 Restricted Stock Units (RSUs). These RSUs were credited as dividend equivalents on his outstanding RSUs, at no cash cost per unit, and increase his total RSU balance while leaving his reported net buy and sell share count unchanged.
When will Robert Carrady’s Popular, Inc. (BPOP) RSUs convert into common stock?
His RSUs convert into the same number of Popular, Inc. common shares. The shares are issued on the 15th of August following his termination of service as a director, aligning settlement with the end of his board tenure.
How does Plaza Escorial Cinema Corp. relate to Robert Carrady’s Popular, Inc. (BPOP) holdings?
Plaza Escorial Cinema Corp. holds Popular, Inc. common stock reported as indirect ownership for Carrady. He has a 62.5% ownership interest in Plaza Escorial Cinema Corp., so those 2,750 shares are attributed to him as indirect beneficial holdings.
What are dividend equivalents on RSUs in the Popular, Inc. (BPOP) filing for Robert Carrady?
Dividend equivalents are additional RSUs credited when Popular, Inc. pays dividends on its common stock. Carrady’s 123 new RSUs arise from these equivalents, which accrue at the same rate and time as regular dividends and follow the same vesting and settlement terms as the original RSUs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
