Popular (BPOP) CLO granted restricted stock; shares withheld for taxes

Rhea-AI Filing Summary

POPULAR, INC. executive Jose R. Coleman-Tio reported equity compensation activity in company common stock. He received two grants totaling 4,950 shares of restricted stock under Popular, Inc.'s Omnibus Incentive Plan, and 654 shares were disposed of to cover tax withholding at a price of $141.31 per share. Following these transactions, he directly owned 21,577.549 common shares. The restricted stock award described in the footnote vests in equal annual installments on each of February 23, 2027, 2028, 2029, and 2030, providing a multi‑year vesting schedule tied to ongoing service.

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^*

Coleman-Tio Jose R.

(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 LEGAL 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		2,386	A	$0	19,667.549	D
Common Stock Par Value $0.01 per share	02/25/2026		F		654	D	$141.31	19,013.549	D
Common Stock Par Value $0.01 per share	02/25/2026		A(1)		2,564	A	$0	21,577.549	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 BPOP executive Jose R. Coleman-Tio report?

Jose R. Coleman-Tio reported grants of restricted common stock and a related tax-withholding disposition. He acquired 4,950 restricted shares and 654 shares were disposed of at $141.31 per share to satisfy tax obligations tied to the award.

How many Popular (BPOP) shares does Jose R. Coleman-Tio own after this Form 4?

After these transactions, Jose R. Coleman-Tio directly owns 21,577.549 shares of Popular common stock. This figure reflects the combined effect of restricted stock grants and the 654-share tax-withholding disposition reported for the same transaction date.

What type of equity award did BPOP grant to Jose R. Coleman-Tio?

He received an award of restricted stock under Popular, Inc.'s Omnibus Incentive Plan. The filing describes it as a grant or award acquisition, with shares issued at a stated price of $0.00 per share, consistent with stock-based compensation.

What is the vesting schedule for Jose R. Coleman-Tio’s BPOP restricted stock?

The restricted stock vests in equal annual installments on February 23 of 2027, 2028, 2029, and 2030. This four-year vesting period links the full benefit of the award to continued service with Popular, Inc. over multiple years.

Why were 654 BPOP shares disposed of in Jose R. Coleman-Tio’s Form 4?

The 654-share disposition is described as payment of tax liability by delivering securities. These shares were withheld or delivered at $141.31 per share specifically to cover taxes arising from the restricted stock award, not as an open-market sale.

Does the BPOP Form 4 show open-market buying or selling by Jose R. Coleman-Tio?

The transactions are equity awards and a tax-withholding disposition, not open-market trades. The Form 4 codes them as grants or awards of restricted stock and a related tax payment using shares, rather than discretionary share purchases or sales on the market.