Dividend equivalents add 83 RSUs for Popular (BPOP) director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
POPULAR, INC. director Jose Ramon Rodriguez reported an acquisition of 83 Restricted Stock Units (RSUs) tied to company common stock. These RSUs were received as dividend equivalents on previously granted RSUs and increase his direct RSU holdings to 14,700 units.
The RSUs convert into common stock on a one-for-one basis. According to the terms, the restricted stock units are converted into an equivalent number of common shares and issued on the 15th of August following the date his service as a director ends.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rodriguez Jose Ramon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 83 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 14,700 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. 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. 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: 83 RSUs
RSU holdings after transaction: 14,700 RSUs
Conversion ratio: 1 RSU : 1 share
+1 more
4 metrics
RSUs granted
83 RSUs
Dividend equivalent award on outstanding RSUs, transaction date April 1, 2026
RSU holdings after transaction
14,700 RSUs
Total Restricted Stock Units directly held by director after award
Conversion ratio
1 RSU : 1 share
RSUs convert into an equivalent number of Popular common shares
Settlement date trigger
15th of August
Shares issued on the August 15 following termination of director service
Key Terms
Restricted Stock Units, dividend equivalents, common stock, termination of service as a director
4 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.
common stock financial
"Restricted stock units convert into common stock on a one-for-one basis"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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
What insider transaction did POPULAR, INC. (BPOP) report for Jose Ramon Rodriguez?
POPULAR, INC. reported that director Jose Ramon Rodriguez received 83 Restricted Stock Units. These units were awarded as dividend equivalents on his existing RSUs and increase his direct holdings to 14,700 RSUs linked to the company’s common stock.
How many Restricted Stock Units does the BPOP director hold after this Form 4?
After this transaction, director Jose Ramon Rodriguez directly holds 14,700 Restricted Stock Units. The filing shows that 83 additional RSUs were credited as dividend equivalents, which increased his outstanding RSU balance from prior awards tied to BPOP common stock.
What are the terms of the Restricted Stock Units reported by POPULAR, INC. (BPOP)?
The Restricted Stock Units convert into common stock on a one-for-one basis. They are converted into an equal number of common shares and issued to the director on the 15th of August following the date his service as a director terminates, under the plan’s terms.
Why did the BPOP director receive 83 additional Restricted Stock Units?
The 83 additional RSUs were received as dividend equivalents on previously granted RSUs. 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 previously awarded.