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Popular (NASDAQ: BPOP) director gets 1,477 RSUs, lifts equity-based holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

POPULAR, INC. director Robert Carrady received a compensation-related award of 1,477 restricted stock units (RSUs) tied to Popular’s common stock. These RSUs convert into common shares on a one-for-one basis and were granted under Popular’s 2020 Omnibus Incentive Plan.

The award vests on May 8, 2027, and the RSUs are converted into an equivalent number of common shares and issued to Carrady on the 15th of August following his termination of service as a director. After this grant, he holds 26,950 RSUs directly, 3,269.165 common shares directly, and 2,750 common shares indirectly through Plaza Escorial Cinema Corp., in which he has a 62.5% ownership interest.

Positive

  • None.

Negative

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Insider CARRADY ROBERT
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 1,477 $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 — 26,950 shares (Direct, null); Common Stock Par Value $0.01 per share — 3,269.165 shares (Direct, null); Common Stock Par Value $0.01 per share — 2,750 shares (Indirect, Plaza Escorial Cinema Corp.)
Footnotes (1)
  1. Popular, Inc.'s common stock held by Plaza Escorial Cinema Corp. of which Mr. Carrady has an ownership interest of 62.5% Restricted stock units convert into common stock on a one-for-one basis. Award of restricted stock units pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan. The award vests on May 8, 2027. 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.
RSUs granted 1,477 RSUs Award of restricted stock units to director on May 8, 2026
RSUs outstanding after award 26,950 RSUs Total restricted stock units held directly after the grant
Direct common shares 3,269.165 shares Popular, Inc. common stock held directly after reporting date
Indirect common shares 2,750 shares Common stock held via Plaza Escorial Cinema Corp.
Ownership interest in entity 62.5% Carrady’s interest in Plaza Escorial Cinema Corp.
RSU vesting date May 8, 2027 Date when the 1,477 RSUs vest
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.
2020 Omnibus Incentive Plan financial
"Award of restricted stock units pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan."
indirect ownership financial
"Popular, Inc.'s common stock held by Plaza Escorial Cinema Corp. of which Mr. Carrady has an ownership interest of 62.5%"
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."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
CARRADY ROBERT
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock Par Value $0.01 per share3,269.165D
Common Stock Par Value $0.01 per share2,750I(1)Plaza Escorial Cinema Corp.
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)05/08/2026A(3)1,477 (4) (4)Common Stock Par Value $0.01 per share1,477$026,950D
Explanation of Responses:
1. Popular, Inc.'s common stock held by Plaza Escorial Cinema Corp. of which Mr. Carrady has an ownership interest of 62.5%
2. Restricted stock units convert into common stock on a one-for-one basis.
3. Award of restricted stock units pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan. The award vests on May 8, 2027.
4. 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-act05/11/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did BPOP director Robert Carrady report in this Form 4 filing?

Robert Carrady reported receiving 1,477 restricted stock units as a compensation award. These RSUs relate to Popular, Inc. common stock and increase his derivative holdings, without reflecting any open-market purchases or sales of shares.

How many restricted stock units does Robert Carrady now hold in BPOP?

Following the award, Robert Carrady holds 26,950 restricted stock units directly. Each RSU converts into one share of Popular, Inc. common stock, giving him a sizable stock-based compensation position tied to his director service.

When do Robert Carrady’s newly granted BPOP RSUs vest and settle?

The 1,477 restricted stock units vest on May 8, 2027. They are later converted into an equivalent number of common shares and issued on the 15th of August following his termination of service as a director, extending their settlement horizon.

How many BPOP common shares does Robert Carrady hold directly and indirectly?

Carrady holds 3,269.165 Popular, Inc. common shares directly and 2,750 shares indirectly. The indirect shares are held through Plaza Escorial Cinema Corp., in which he owns 62.5%, reflecting both personal and entity-based ownership.

What is Plaza Escorial Cinema Corp.’s role in Robert Carrady’s BPOP holdings?

Plaza Escorial Cinema Corp. holds 2,750 shares of Popular, Inc. common stock reported as Carrady’s indirect ownership. He has a 62.5% ownership interest in this entity, which makes these shares part of his beneficial holdings.