[Form 4] POPULAR, INC. Insider Trading Activity

Rhea-AI Filing Summary

Myrna Soto, a Director of Popular, Inc. (BPOP), reported changes in her holdings on 10/01/2025. The filing shows a disposition of 4,690.447 common shares and the acquisition of 119 shares tied to restricted stock units (RSUs) that represent dividend equivalents. The Form 4 states that 24.586 of the shares reported were acquired through dividend reinvestment under Rule 16a-11. After the reported transactions, the reporting person beneficially owned 19,527 shares. The filing was signed by an attorney-in-fact on 10/03/2025.

Positive

• 119 shares issued from RSUs reflecting accrued dividend equivalents, showing compensation alignment
• Beneficial ownership clearly stated at 19,527 shares after the transactions
• 24.586 shares acquired via dividend reinvestment under Rule 16a-11 (exempt transaction) documented

Negative

• A disposition of 4,690.447 common shares was reported on 10/01/2025
• Form does not disclose a price for the disposition, limiting assessment of economic impact

Insights

Corporate Governance Analyst

Insider disposition and RSU issuance disclosed; ownership remains material.

The report documents a sale/transfer of 4,690.447 shares and an issuance of 119 shares from RSUs tied to dividend equivalents. This mix of a sizable disposition and simultaneous RSU conversion is a routine form of director compensation and portfolio change as disclosed.

The filing also notes 24.586 shares acquired via dividend reinvestment under Rule 16a-11; after these entries the reporting person holds 19,527 shares, a concrete ownership figure investors can track.

Equity Transactions Specialist

Transaction timing and exact quantities are investor-relevant; no additional context provided.

The Form 4 specifies the transaction date of 10/01/2025 and exact share counts, which are required details for market monitoring and short-term disclosure compliance. The RSU conversion terms referenced (one-for-one conversion and installment schedule) are included verbatim.

No purchase price is reported for the disposition and the filing contains no commentary on purpose or intent, limiting further interpretation.

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).

1. Name and Address of Reporting Person^*

Soto Myrna

(Last) (First) (Middle)

P O BOX 362708

(Street)

SAN JUAN PR 00936-2708

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock Par Value $0.01 per share								4,690.447(1)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	10/01/2025		A(3)		119		(4)	(4)	Common Stock Par Value $0.01 per share	119	$0	19,527	D

Explanation of Responses:

1. Includes 24.586 shares 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.

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

3. 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.

4. 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-fact	10/03/2025
	** 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.
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FAQ

Who filed the Form 4 for Popular, Inc. (BPOP)?

The reporting person is Myrna Soto, identified as a Director of Popular, Inc.

What transactions were reported on 10/01/2025 in the BPOP Form 4?

The filing reports a disposition of 4,690.447 common shares and the acquisition of 119 shares from RSUs on 10/01/2025.

How many shares does the reporting person beneficially own after the transactions?

The filing states the reporting person beneficially owned 19,527 shares following the reported transactions.

Were any shares acquired through dividend reinvestment?

Yes, the filing discloses 24.586 shares acquired via dividend reinvestment under Rule 16a-11.

Does the Form 4 disclose an exercise or conversion schedule for RSUs?

Yes, it states RSUs convert one-for-one to common stock and are issued in equal annual installments on each August 15 of the first five years following termination of service as a director.