Popular, Inc. (BPOP) EVP reports stock grants and tax-share withholding

Rhea-AI Filing Summary

POPULAR, INC. Executive Vice President Eli Sepulveda reported multiple equity award transactions in common stock. On February 25, 2026, he received grants of 3,333 and 2,035 shares of restricted stock at no cost under Popular, Inc.'s Omnibus Incentive Plan. According to the footnote, these awards vest in equal annual installments on each of February 23, 2027, 2028, 2029, and 2030. To satisfy tax obligations, the company withheld 942 and 64 shares at a price of $141.31 per share as tax-withholding dispositions. After these transactions, Sepulveda directly owned 39,010.694 common shares.

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

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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^*

SEPULVEDA ELI

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		A		3,333	A	$0	37,981.694	D
Common Stock Par Value $0.01 per share	02/25/2026		F		942	D	$141.31	37,039.694	D
Common Stock Par Value $0.01 per share	02/25/2026		A(1)		2,035	A	$0	39,074.694	D
Common Stock Par Value $0.01 per share	02/25/2026		F		64	D	$141.31	39,010.694	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

Explanation of Responses:

1. Award of restricted stock pursuant to Popular, Inc.'s Omnibus Incentive Plan. The award vests in equal annual installments on each of February 23, 2027, 2028, 2029, 2030.

	Marie Reyes-Rodriguez, Attorney-in-act	02/27/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did Eli Sepulveda report for POPULAR, INC. (BPOP)?

Eli Sepulveda reported receiving restricted stock grants and related tax-share withholdings. He was granted 3,333 and 2,035 common shares and had 942 and 64 shares withheld at $141.31 each to cover tax liabilities, all on February 25, 2026.

How many POPULAR, INC. (BPOP) shares did Eli Sepulveda acquire in the Form 4 filing?

He acquired restricted stock awards totaling 3,333 and 2,035 common shares at no cost. These awards were granted under Popular, Inc.'s Omnibus Incentive Plan and represent equity-based compensation rather than open-market purchases of the company’s stock.

Why were some POPULAR, INC. (BPOP) shares disposed of in Eli Sepulveda’s Form 4?

The reported share dispositions were tax-withholding transactions. A total of 942 and 64 shares were withheld at $141.31 per share to pay exercise price or tax liabilities, rather than discretionary open-market sales by Eli Sepulveda.

What is the vesting schedule for Eli Sepulveda’s restricted POPULAR, INC. (BPOP) stock awards?

The restricted stock awards vest in equal annual installments. Vesting occurs on each of February 23, 2027, 2028, 2029, and 2030, aligning the Executive Vice President’s compensation with long-term performance and continued service at Popular, Inc.

How many POPULAR, INC. (BPOP) shares does Eli Sepulveda own after these transactions?

Following the reported grants and tax-related withholdings, Eli Sepulveda directly owned 39,010.694 shares of Popular, Inc. common stock. This figure reflects his updated direct ownership position after all Form 4 transactions on February 25, 2026.

What plan governs Eli Sepulveda’s restricted stock awards at POPULAR, INC. (BPOP)?

The restricted stock awards were granted under Popular, Inc.'s Omnibus Incentive Plan. This plan provides equity-based compensation such as restricted stock, with vesting terms and award conditions set by the company’s compensation framework.