Popular director Ballester acquires 101 stock units

Q: How many BPOP restricted stock units did director Alejandro M. Ballester acquire?

Director Alejandro M. Ballester acquired 101 restricted stock units on October 1, 2026. They reflect dividend equivalents accrued with respect to his outstanding RSUs.

Q: How many BPOP common shares did Alejandro M. Ballester hold after the transaction?

His reported direct common-stock holdings were 34,840 shares after the transaction. That amount includes 141 shares acquired through reinvestment of dividends paid by the corporation; those shares were acquired in transactions exempt from Section 16 under Rule 16a-11.

The RSUs convert one-for-one into common stock, with issuance in annual installments during the five years after director service ends.

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Form Type

Rhea-AI Filing Summary

Popular, Inc. director Alejandro M. Ballester acquired 101 restricted stock units on October 1, 2026, as dividend equivalents accrued on outstanding RSUs. The units convert into common stock one-for-one, with shares issued in equal annual installments each August 15 during the first five years after termination of director service. His reported direct holdings following the transaction were 17,002 RSUs and 34,840 common shares.

Insider Trade Summary

Grant/Award: 101 shares

Grant/Award 2 txns

Insider BALLESTER ALEJANDRO M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units ^{F2, F3, F4}	101	$0.00	$0.00
holding	Common Stock Par Value $0.01 per share ^F1	--	--	--

Holdings After Transaction: Restricted Stock Units — 17,002 contracts (Direct); Common Stock Par Value $0.01 per share — 34,839.791 shares (Direct)

Footnotes (4)

F1. Includes 140.658 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.
F2. Restricted stock units convert into common stock on a one-for-one basis.
F3. 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.
F4. Restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person in equal annual installments on each 15th of August of the first five years following the date of termination of service as a director.

Key Figures

Restricted stock units acquired: 101 restricted stock units Restricted stock units following transaction: 17,002 restricted stock units Common stock following transaction: 34,840 shares +2 more

5 metrics

Restricted stock units acquired 101 restricted stock units October 1, 2026

Restricted stock units following transaction 17,002 restricted stock units Direct holdings

Common stock following transaction 34,840 shares Direct holdings

Dividend-reinvestment shares 141 shares Included in reported common-stock holdings

RSU conversion 1 common share per restricted stock unit One-for-one conversion

Key Terms

Restricted stock units, Dividend equivalents, Rule 16a-11

3 terms

Restricted stock units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Dividend equivalents financial

"Dividend equivalents are accrued at the same rate and at the same time as dividends are paid"

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Rule 16a-11 regulatory

"pursuant to Rule 16a-11 thereunder."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many BPOP restricted stock units did director Alejandro M. Ballester acquire?

Director Alejandro M. Ballester acquired 101 restricted stock units on October 1, 2026. They reflect dividend equivalents accrued with respect to his outstanding RSUs.

How many BPOP common shares did Alejandro M. Ballester hold after the transaction?

His reported direct common-stock holdings were 34,840 shares after the transaction. That amount includes 141 shares acquired through reinvestment of dividends paid by the corporation; those shares were acquired in transactions exempt from Section 16 under Rule 16a-11.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/05/2026 - 04:35 PM Accepted by SEC EDGAR 10/05/2026 - 04:34 PM

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^*

BALLESTER ALEJANDRO M

(Last)

(First)

(Middle)

P.O. BOX 364548

(Street)

SAN JUAN

PUERTO RICO

00936-4548

(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)
10/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock Par Value $0.01 per share								34,839.791⁽¹⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽²⁾	10/01/2026		A⁽³⁾		101		⁽⁴⁾	⁽⁴⁾	Common Stock Par Value $0.01 per share	101	$0	17,002	D

Explanation of Responses:

1. Includes 140.658 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. Restricted stock units convert into common stock on a one-for-one basis.

3. 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.

4. Restricted stock units are converted into an equivalent number of shares of common stock and issued to the reporting person in equal annual installments on each 15th of August of the first five years following the date of termination of service as a director.

	Marie Reyes-Rodriguez, Attorney-in-fact	10/05/2026
	** 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)

Source: View Original Filing on SEC EDGAR