Popular, Inc. (BPOP) director granted 906 shares with 68 withheld for taxes

Rhea-AI Filing Summary

POPULAR, INC. director Alejandro M. Sanchez reported a routine equity compensation event involving restricted stock and related tax withholding. He received a grant of 906 shares of common stock at no cost as an award under Popular, Inc.'s 2020 Omnibus Incentive Plan, which vests on May 8, 2027. To cover tax obligations, 68 shares were disposed of at a price of $149.01 per share through share withholding rather than an open-market sale. After these transactions, Sanchez directly holds 4,327.736 shares of Popular common stock, including 6.920 shares previously acquired through dividend reinvestment.

Insights

Insider transactions analyst

Director reports routine stock grant with small tax withholding.

Director Alejandro M. Sanchez received 906 shares of POPULAR, INC. common stock as a restricted stock award under the 2020 Omnibus Incentive Plan, with vesting scheduled for May 8, 2027. The award was granted at no cash cost to him.

A separate disposition of 68 shares at $149.01 per share was classified as a tax-withholding transaction, not an open-market sale, and therefore carries limited informational value about his view of the stock. Following these entries, he holds 4,327.736 shares directly, so the withheld amount is small relative to his position.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Sanchez Alejandro M

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock Par Value $0.01 per share	906	$0.00	--
Tax Withholding	Common Stock Par Value $0.01 per share	68	$149.01	$10K

Holdings After Transaction: Common Stock Par Value $0.01 per share — 4,327.736 shares (Direct, null)

Footnotes (1)

1. Award of restricted stock pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan. The award vests on May 8, 2027. Includes 6.920 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.

Key Figures

Restricted stock award: 906 shares Tax-withholding shares: 68 shares Tax-withholding price: $149.01 per share +3 more

6 metrics

Restricted stock award 906 shares Grant of common stock at $0.00 per share

Tax-withholding shares 68 shares Shares delivered for tax liability at $149.01/share

Tax-withholding price $149.01 per share Value used for 68-share tax-withholding disposition

Post-transaction holdings 4,327.736 shares Total direct common stock after reported transactions

Dividend reinvestment shares 6.920 shares Acquired via dividend reinvestment, exempt under Rule 16a-11

Vesting date May 8, 2027 Restricted stock award vesting under 2020 Omnibus Incentive Plan

Key Terms

restricted stock, 2020 Omnibus Incentive Plan, Section 16, Rule 16a-11

4 terms

restricted stock financial

"Award of restricted stock pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan."

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

2020 Omnibus Incentive Plan financial

"Award of restricted stock pursuant to Popular, Inc.'s 2020 Omnibus Incentive Plan."

Section 16 regulatory

"The shares were acquired in transactions exempt from Section 16 of the Securities Exchange Act of 1934"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

Rule 16a-11 regulatory

"exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder."

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^*

Sanchez Alejandro M

(Last) (First) (Middle)

P O BOX 362708

(Street)

SAN JUAN PUERTO RICO 00936-2708

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock Par Value $0.01 per share	05/08/2026		A(1)		906	A	$0	4,327.736(2)	D
Common Stock Par Value $0.01 per share	05/08/2026		F		68	D	$149.01	4,259.736	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 2020 Omnibus Incentive Plan. The award vests on May 8, 2027.

2. Includes 6.920 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.

	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)

FAQ

What did POPULAR, INC. (BPOP) director Alejandro Sanchez report in this Form 4?

Director Alejandro Sanchez reported a grant of 906 shares of POPULAR, INC. common stock as restricted stock and a related tax-withholding disposition of 68 shares. These are compensation-related transactions rather than open-market trades, reflecting an equity award and automatic shares withheld for taxes.

How many POPULAR, INC. shares did Alejandro Sanchez receive and at what cost?

Sanchez received 906 shares of POPULAR, INC. common stock at a price of $0.00 per share as a restricted stock award. The grant was made under the company’s 2020 Omnibus Incentive Plan and represents equity-based compensation rather than a cash purchase.

Why were 68 POPULAR, INC. shares disposed of in Sanchez’s Form 4 filing?

The 68 shares were disposed of at $149.01 per share as a tax-withholding transaction. This means shares were delivered to cover tax liabilities associated with the equity award, not sold in the open market as a discretionary trade.

What are Alejandro Sanchez’s POPULAR, INC. holdings after these Form 4 transactions?

After the reported transactions, Sanchez directly holds 4,327.736 shares of POPULAR, INC. common stock. This total includes 6.920 shares acquired earlier through dividend reinvestment under transactions exempt from Section 16 of the Securities Exchange Act.

When does Alejandro Sanchez’s new restricted stock award from POPULAR, INC. vest?

The restricted stock award granted to Sanchez vests on May 8, 2027. Until that date, the award remains subject to vesting conditions under Popular, Inc.’s 2020 Omnibus Incentive Plan, which governs the terms of the equity grant.