What are Alejandro M. Ballester’s BPOP share and RSU holdings after this Form 4?

After the reported entries, Ballester directly holds 34,587.716 common shares. He also holds 16,821 restricted stock units, which are scheduled to convert into Popular, Inc. common stock under the terms described in the footnotes.

[Form 4] POPULAR, INC. Insider Trading Activity

Q: How many restricted stock units did BPOP grant to director Alejandro M. Ballester?

Ballester was granted 906 restricted stock units (RSUs). These RSUs relate to Popular, Inc. common stock with a par value of $0.01 per share and are part of his compensation rather than an open-market purchase or sale.

Q: When do Alejandro M. Ballester’s BPOP restricted stock units vest and settle?

The 906 RSUs vest on May 8, 2027. After his service as a director ends, the RSUs convert into an equivalent number of common shares, issued in equal annual installments each 15th of August over the first five years following termination.

POPULAR, INC. director Alejandro M. Ballester reported an equity compensation grant and updated holdings.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

POPULAR, INC. director Alejandro M. Ballester reported an equity compensation grant and updated holdings. He received 906 restricted stock units (RSUs) on common stock, awarded under Popular, Inc.'s 2020 Omnibus Incentive Plan. The award vests on May 8, 2027 and converts into common stock on a one-for-one basis.

According to the footnotes, RSUs are delivered in equal annual installments each 15th of August for the first five years after his service as a director ends. Following these entries, he directly holds 34,587.716 shares of common stock and 16,821 RSUs, reflecting routine, non-market compensation rather than open-market trading.

Insider Trade Summary

Grant/Award: 906 shares

Grant/Award 2 txns

Insider BALLESTER ALEJANDRO M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	906	$0.00	$0.00
holding	Common Stock Par Value $0.01 per share	--	--	--

Holdings After Transaction: Restricted Stock Units — 16,821 contracts (Direct); Common Stock Par Value $0.01 per share — 34,587.716 shares (Direct)

Footnotes (3)

F1. Restricted stock units convert into common stock on a one-for-one basis.
F2. Award of restricted stock units pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan. The award vests on May 8, 2027.
F3. 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

RSU grant size: 906 RSUs Common shares held: 34,587.716 shares RSUs held after grant: 16,821 RSUs +2 more

5 metrics

RSU grant size 906 RSUs Awarded to director on May 8, 2026

Common shares held 34,587.716 shares Direct holdings following transaction

RSUs held after grant 16,821 RSUs Direct RSU holdings following grant

RSU vesting date May 8, 2027 Vesting date for 906-unit award

RSU settlement schedule 5 annual installments Each 15th of August after director service ends

Key Terms

Restricted stock units, 2020 Omnibus Incentive Plan, Common Stock Par Value $0.01 per share

3 terms

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."

FAQ

What insider activity did Popular (BPOP) disclose for director Alejandro M. Ballester?

Popular, Inc. reported an equity grant to director Alejandro M. Ballester. He received 906 restricted stock units as compensation under the 2020 Omnibus Incentive Plan, and the filing also updated his direct common stock and RSU holdings as of the transaction date.

How many restricted stock units did BPOP grant to director Alejandro M. Ballester?

Ballester was granted 906 restricted stock units (RSUs). These RSUs relate to Popular, Inc. common stock with a par value of $0.01 per share and are part of his compensation rather than an open-market purchase or sale.

When do Alejandro M. Ballester’s BPOP restricted stock units vest and settle?

The 906 RSUs vest on May 8, 2027. After his service as a director ends, the RSUs convert into an equivalent number of common shares, issued in equal annual installments each 15th of August over the first five years following termination.

Was the BPOP Form 4 for Alejandro M. Ballester an open-market stock trade?

No, the filing reflects an equity compensation award, not an open-market trade. The 906 restricted stock units were granted under Popular, Inc.'s 2020 Omnibus Incentive Plan and will vest and settle according to the plan’s specified timetable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/11/2026 - 05:20 PM

SEC Form 4

FORM 4

UNITED 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^*

BALLESTER ALEJANDRO M

(Last)

(First)

(Middle)

P.O. BOX 364548

(Street)

SAN JUAN

PUERTO RICO

00936-4548

(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)

X	Director	10% 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)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock Par Value $0.01 per share								34,587.716	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	05/08/2026		A⁽²⁾		906		⁽³⁾	⁽³⁾	Common Stock Par Value $0.01 per share	906	$0	16,821	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. Award of restricted stock units pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan. The award vests on May 8, 2027.

3. 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.

	Marie Reyes-Rodriguez, Attorney-in-act	05/11/2026
	** Signature of Reporting Person	Date
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