Popular EVP uses 765 shares for tax withholding
POPULAR, INC. executive vice president and chief legal officer Jose R. Coleman-Tio reported a tax-withholding disposition of common stock.
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
Exercise Price or Tax Liability: 765 shares
Exercise Price or Tax Liability
1 txn
Insider
Coleman-Tio Jose R.
Role
EVP & CHIEF LEGAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | 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)
- F1. Includes 95.884 shares acquired pursuant to reinvestment of dividends paid by the Corporation. The shares were acquired in transaction exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.