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Popular (BPOP) director boosts indirect holdings via Junior Investment

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(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

POPULAR, INC. director Richard L. Carrion reported a change in his indirect holdings of the company’s common stock through Junior Investment Corporation (JIC). His indirect ownership in Popular shares held by JIC increased by 564 shares after JIC redeemed a portion of shares from another JIC stockholder and reallocated Popular shares among remaining JIC shareholders on a pro rata basis.

Following this non-cash, internal reallocation, 75,031 Popular common shares are attributed to Carrion as indirect holdings through JIC, where he has approximately 23.3234% interest. He also directly holds 193,020 common shares and 15,429 restricted stock units. Each restricted stock unit converts into one share of common stock, which is issued on the 15th of August following his termination of service as a director.

Positive

  • None.

Negative

  • None.
Insider CARRION RICHARD L
Role Director
Type Security Shares Price Value
Other Common Stock Par Value $0.01 per share 564 $0.00 --
holding Restricted Stock Units -- -- --
holding Common Stock Par Value $0.01 per share -- -- --
Holdings After Transaction: Common Stock Par Value $0.01 per share — 75,031 shares (Indirect, Junior Investment); Restricted Stock Units — 15,429 shares (Direct); Common Stock Par Value $0.01 per share — 193,020 shares (Direct)
Footnotes (1)
  1. The reporting person's indirect ownership in the shares of Popular, Inc. owned by Junior Investment Corporation (JIC) increased by 564 shares as a result of JIC's redemption of a portion of the shares of JIC held by one of its stockholders. Upon such redemption, for purposes of ascribing indirect ownership in Popular, Inc. shares to the reporting person, the shares of Popular, Inc. held by JIC were reallocated among the shareholders of JIC on a pro rata basis in accordance with each stockholder's resulting ownership percentage in JIC after the redemption, resulting in the aforementioned increase. Represents Mr. Carrion's indirect ownership in the shares of Popular, Inc. owned by Junior Investment Corporation in which he has approximately 23.3234% interest. Restricted stock units convert into common stock on a one-for-one basis. Restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person on the 15th of August following the date of termination of service as a director.
Form 4 Insider Transactions: What Each Field Means →
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*
CARRION RICHARD L
(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)
02/19/2026
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 02/19/2026 J(1) 564 A $0 75,031 I(2) Junior Investment
Common Stock Par Value $0.01 per share 193,020 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 (3) (4) (4) Common Stock Par Value $0.01 per share 15,429 15,429 D
Explanation of Responses:
1. The reporting person's indirect ownership in the shares of Popular, Inc. owned by Junior Investment Corporation (JIC) increased by 564 shares as a result of JIC's redemption of a portion of the shares of JIC held by one of its stockholders. Upon such redemption, for purposes of ascribing indirect ownership in Popular, Inc. shares to the reporting person, the shares of Popular, Inc. held by JIC were reallocated among the shareholders of JIC on a pro rata basis in accordance with each stockholder's resulting ownership percentage in JIC after the redemption, resulting in the aforementioned increase.
2. Represents Mr. Carrion's indirect ownership in the shares of Popular, Inc. owned by Junior Investment Corporation in which he has approximately 23.3234% interest.
3. Restricted stock units convert into common stock on a one-for-one basis.
4. Restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person on the 15th of August following the date of termination of service as a director.
Marie Reyes-Rodriguez, Attorney-in-act 02/20/2026
** 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.

Source: View Original Filing on SEC EDGAR

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