Popular (NASDAQ: BPOP) director receives 110 RSUs from dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
POPULAR, INC. director Myrna Soto received 110 Restricted Stock Units on April 1, 2026 as a grant tied to dividend equivalents on existing awards. These RSUs convert into common stock on a one-for-one basis. After this grant, she directly holds 19,756 RSUs and 4,739.388 common shares, some acquired through dividend reinvestment programs exempt under Section 16 rules.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Soto Myrna
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 110 | $0.00 | -- |
| holding | Common Stock Par Value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 19,756 shares (Direct);
Common Stock Par Value $0.01 per share — 4,739.388 shares (Direct)
Footnotes (1)
- Includes 23.887 hares 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. 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 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
RSUs granted: 110 units
RSUs held after: 19,756 units
Common shares held after: 4,739.388 shares
+1 more
4 metrics
RSUs granted
110 units
Restricted Stock Units granted on April 1, 2026 via dividend equivalents
RSUs held after
19,756 units
Total Restricted Stock Units directly held after reported transaction
Common shares held after
4,739.388 shares
Direct Popular common stock holdings after the transaction
Dividend reinvestment shares
23.887 shares
Common shares acquired via dividend reinvestment under Rule 16a-11
Key Terms
Restricted Stock Units, dividend equivalents, Rule 16a-11, Section 16, +1 more
5 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.
Rule 16a-11 regulatory
"exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder"
Section 16 regulatory
"exempt from Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
termination of service as a director financial
"first five years following the date of termination of service as a director"
FAQ
What did Popular (BPOP) director Myrna Soto report in this Form 4?
Myrna Soto reported receiving 110 Restricted Stock Units as a grant linked to dividend equivalents on existing RSUs. These units convert one-for-one into Popular common stock, increasing her equity-based compensation position without involving any open-market share purchases or sales.
Are the Popular (BPOP) RSUs granted to Myrna Soto open-market purchases?
No. The 110 Restricted Stock Units reported are a compensation-related grant from dividend equivalents on existing RSUs, not open-market purchases. They are issued at no cash cost to her and settle into common stock based on the plan’s terms and director service conditions.
How do the Popular (BPOP) RSUs for Myrna Soto convert into common stock?
The Restricted Stock Units convert into Popular common stock on a one-for-one basis. They are scheduled to be issued in equal annual installments each August 15 during the first five years after her termination of service as a director, according to the plan description.
What are dividend equivalents on RSUs in the Popular (BPOP) compensation plan?
Dividend equivalents on RSUs mirror dividends paid to ordinary shareholders by crediting additional RSUs instead of cash. For Myrna Soto, these equivalents accrued at the same rate and time as shareholder dividends, creating 110 new RSUs subject to the same terms as the original awards.