Popular (NASDAQ: BPOP) comptroller reports 87-share tax-withholding transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
POPULAR, INC. Senior VP & Comptroller Denissa Rodriguez Adorno reported a small, routine tax-related share disposition. On April 27, 2026, 87 shares of common stock were withheld at $150.62 per share to cover tax obligations, a non-market transaction coded as a tax-withholding disposition.
After this event, she directly holds about 3,037.061 shares of Popular common stock. This total includes 16.594 shares previously acquired through dividend reinvestments under transactions exempt from Section 16 of the Securities Exchange Act.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rodriguez Adorno Denissa
Role
Senior VP & Comptroller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock Par Value $0.01 per share | 87 | $150.62 | $13K |
Holdings After Transaction:
Common Stock Par Value $0.01 per share — 3,037.061 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withholding shares: 87 shares
Tax-withholding price: $150.62 per share
Shares held after transaction: 3,037.061 shares
+1 more
4 metrics
Tax-withholding shares
87 shares
Common stock withheld on April 27, 2026 for taxes
Tax-withholding price
$150.62 per share
Value used for the 87-share tax-withholding disposition
Shares held after transaction
3,037.061 shares
Direct BPOP common stock holdings after April 27, 2026 event
Dividend reinvestment shares
16.594 shares
Portion of holdings acquired via dividend reinvestment under Rule 16a-11
Key Terms
tax-withholding disposition, Section 16, Rule 16a-11, dividend reinvestment
4 terms
tax-withholding disposition financial
"The filing classifies the event as a tax-withholding disposition of 87 shares."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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
"Transactions exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder."
dividend reinvestment financial
"Includes 16.594 shares acquired pursuant to reinvestment of dividends paid by the Corporation."
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
FAQ
What insider transaction did POPULAR, INC. (BPOP) report for Denissa Rodriguez Adorno?
POPULAR, INC. reported that Senior VP & Comptroller Denissa Rodriguez Adorno had 87 shares of common stock withheld on April 27, 2026 to satisfy tax obligations. The filing classifies this as a tax-withholding disposition, not an open-market purchase or sale.
What does the dividend reinvestment footnote mean in the BPOP Form 4?
The footnote explains that 16.594 shares in Denissa Rodriguez Adorno’s holdings were acquired via dividend reinvestment. These dividend reinvestment transactions were exempt from Section 16 reporting under Rule 16a-11, meaning they did not require standard insider transaction reporting when they occurred.