Popular, Inc. (BPOP) EVP gets stock award and tax-share withholding

Rhea-AI Filing Summary

POPULAR, INC. executive Beatriz Castellvi, EVP & Chief Security Officer, reported multiple equity transactions in company common stock. She received restricted stock awards totaling 4,539 shares under Popular’s Omnibus Incentive Plan, which vest in equal annual installments on February 23 of 2027, 2028, 2029 and 2030. Shares totaling 836 were withheld and disposed of to cover tax obligations at a price of 141.31 per share. After these transactions, she directly holds 31,693.522 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

OMB APPROVAL

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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^*

Castellvi Beatriz

(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)
	EVP & Chief Security Officer

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		2,724	A	$0	30,714.522	D
Common Stock Par Value $0.01 per share	02/25/2026		F		779	D	$141.31	29,935.522	D
Common Stock Par Value $0.01 per share	02/25/2026		A(1)		1,815	A	$0	31,750.522	D
Common Stock Par Value $0.01 per share	02/25/2026		F		57	D	$141.31	31,693.522	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
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Beatriz Castellvi report for Popular, Inc. (BPOP)?

Beatriz Castellvi reported receiving restricted stock awards and related tax-share dispositions. She acquired 4,539 Popular, Inc. common shares through equity awards and had 836 shares withheld and disposed of to satisfy tax liabilities, all dated February 25, 2026.

How many Popular, Inc. (BPOP) shares does Beatriz Castellvi own after this Form 4?

After the reported transactions, Beatriz Castellvi directly owns 31,693.522 Popular, Inc. common shares. This figure reflects both the new restricted stock awards received and shares disposed of for tax withholding on February 25, 2026.

What type of equity award did Popular, Inc. (BPOP) grant to Beatriz Castellvi?

Popular, Inc. granted Beatriz Castellvi an award of restricted stock under its Omnibus Incentive Plan. The restricted shares are structured as equity compensation and will vest over time, rather than being immediately unrestricted upon grant.

When do Beatriz Castellvi’s Popular, Inc. (BPOP) restricted stock awards vest?

The restricted stock granted to Beatriz Castellvi vests in equal annual installments. Vesting dates are scheduled for February 23 of 2027, 2028, 2029 and 2030, creating a four-year vesting schedule tied to continued service.

Were any of Beatriz Castellvi’s Popular, Inc. (BPOP) transactions open-market sales?

The dispositions reported were tax-withholding transactions, not open-market sales. A total of 836 shares of Popular, Inc. common stock were delivered to cover tax liabilities at a price of 141.31 per share on February 25, 2026.

What is the significance of the tax-withholding transactions in the Popular, Inc. (BPOP) Form 4?

The tax-withholding transactions indicate shares were automatically disposed of to pay taxes on the restricted stock awards. This is a common administrative step for equity compensation and differs from discretionary selling of shares in the open market.