Popular (BPOP) EVP uses 765 shares to cover equity award taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
POPULAR, INC. executive vice president and chief legal officer Jose R. Coleman-Tio reported a tax-withholding disposition of common stock. On February 23, 2026, he used 765 shares of common stock, valued at $141.29 per share, to cover tax liabilities associated with equity compensation.
After this transaction, his direct holdings total 17,281.549 common shares. A footnote explains that this amount includes 95.884 shares previously acquired through automatic dividend reinvestment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Coleman-Tio Jose R.
Role
EVP & CHIEF LEGAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock Par Value $0.01 per share | 765 | $141.29 | $108K |
Holdings After Transaction:
Common Stock Par Value $0.01 per share — 17,281.549 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did POPULAR, INC. (BPOP) report for Jose R. Coleman-Tio?
Jose R. Coleman-Tio reported a tax-withholding disposition of shares. He used 765 shares of Popular common stock to satisfy tax liabilities related to equity awards, rather than executing an open-market buy or sell transaction, according to the Form 4 filing details.
What does the dividend reinvestment footnote mean in Jose R. Coleman-Tio’s POPULAR, INC. (BPOP) filing?
The footnote explains that 95.884 of his shares were acquired through dividend reinvestment. Dividends paid by Popular were automatically used to buy additional common stock, in a transaction exempt from Section 16 under Rule 16a-11 of the Exchange Act.
Was Jose R. Coleman-Tio’s POPULAR, INC. (BPOP) transaction an open-market sale?
No, the filing describes the transaction as a tax-withholding disposition. Code F indicates payment of an exercise price or tax liability by delivering securities, meaning the 765 shares were used to cover taxes rather than sold in the open market.