BPOP Insider Filing: Carrady Disposes 3,256.059 Shares, Receives 154 RSUs

Rhea-AI Filing Summary

Robert Carrady, a director of POPULAR, Inc. (BPOP), reported transactions dated 10/01/2025. The filing shows a disposition of 3,256.059 shares of common stock and acquisition of 154 restricted stock units (RSUs), increasing his reported direct beneficial ownership to 25,178 shares. The report notes 6.584 shares were acquired through dividend reinvestment and that 2,750 shares are held indirectly through Plaza Escorial Cinema Corp., of which Mr. Carrady owns 62.5%. RSUs convert one-for-one into common shares and are issued on the 15th of August following termination of service.

Positive

• 154 RSUs acquired, which will convert one-for-one into common shares
• 6.584 shares added via dividend reinvestment under Rule 16a-11

Negative

• 3,256.059 shares disposed of on 10/01/2025
• Reported beneficial ownership reduced through a sale/disposition event (exact proceeds not disclosed)

Insights

Corporate Governance Analyst

Director reported a net change via a 3,256.059-share disposal and 154 RSUs on 10/01/2025.

The Form 4 documents a disposition of 3,256.059 common shares and the receipt of 154 RSUs, leaving the reporting person with 25,178 directly held shares. The filing also discloses 2,750 shares held indirectly by Plaza Escorial Cinema Corp., where the reporting person has a 62.5% interest.

This is a routine insider reporting of equity movements and dividend-equivalent accruals; the RSUs convert one-for-one and are issued on the 15th of August following termination of service, which is a specific, monitorable vesting/issuance timing disclosed in the filing.

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).

1. Name and Address of Reporting Person^*

CARRADY ROBERT

(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)
10/01/2025

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								3,256.059(1)	D
Common Stock Par Value $0.01 per share								2,750	I(2)	Plaza Escorial Cinema Corp.

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)	10/01/2025		A(4)		154		(5)	(5)	Common Stock Par Value $0.01 per share	154	$0	25,178	D

Explanation of Responses:

1. Includes 6.584 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.

2. Popular, Inc.'s common stock held by Plaza Escorial Cinema Corp. of which Mr. Carrady has an ownership interest of 62.5%

3. Restricted stock units convert into common stock on a one-for-one basis.

4. Reflects Restricted Stock Units ("RSUs") received by the reporting person as a result of dividend equivalents accrued with respect to outstanding RSUs granted to the reporting person. Dividend equivalents are accrued at the same rate and at the same time as dividends are paid to ordinary shareholders. Dividend equivalents on RSUs are subject to the same terms and conditions as the underlying RSUs.

5. 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-fact	10/03/2025
	** 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.
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FAQ

What did Robert Carrady report on the Form 4 for BPOP?

The Form 4 reports a disposition of 3,256.059 common shares and receipt of 154 RSUs on 10/01/2025, leaving 25,178 directly beneficially owned shares.

How many shares does Mr. Carrady hold indirectly?

The filing shows 2,750 shares held indirectly by Plaza Escorial Cinema Corp., in which Mr. Carrady has a 62.5% ownership interest.

What are the RSU terms disclosed in the Form 4?

The RSUs convert one-for-one into common stock and are issued on the 15th of August following termination of service; dividend equivalents generated 154 RSUs in this report.

Were any shares acquired via dividend reinvestment?

Yes, 6.584 shares were acquired pursuant to dividend reinvestment under Rule 16a-11 and are exempt from Section 16 reporting.

When was the Form 4 signed or filed?

The signature date shown on the form is 10/03/2025 by Marie Reyes-Rodriguez, attorney-in-fact.