[Form 4] POPULAR, INC. Insider Trading Activity

Rhea-AI Filing Summary

Goodwin C. Kim, a director of Popular, Inc. (BPOP), reported transactions dated 10/01/2025. The filing shows a disposition of 43,811.229 shares of common stock and the acquisition of 96 restricted stock units (RSUs) that convert one-for-one into common shares. After the transactions, the reporting person beneficially owns 15,728 shares.

The filing notes 229.646 shares were acquired via dividend reinvestment under Rule 16a-11 and that the RSUs convert to shares and are issued on the 15th of August following a director’s termination of service. The form was signed by an attorney-in-fact on 10/03/2025.

Positive

• Received 96 RSUs that convert one-for-one into common stock
• Beneficial ownership remains 15,728 shares after the reported transactions
• 229.646 shares acquired via dividend reinvestment under Rule 16a-11

Negative

• Disposed 43,811.229 shares of common stock on 10/01/2025
• Form does not disclose sale price or reason for the large disposition

Insights

Corporate Insider / Governance

Director reported a large disposition and a small RSU grant on 10/01/2025.

The filing documents a disposition of 43,811.229 common shares and the receipt of 96 RSUs that convert one-for-one to common stock. The disposition materially reduced the reporting person’s direct holdings but the filing does not state the transaction price or reason for the sale.

The report also records 229.646 shares acquired via dividend reinvestment under Rule 16a-11, and shows 15,728 shares beneficially owned after the reported transactions. The RSUs are subject to conversion timing tied to termination and will be issued on the 15th of August following service termination.

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).

1. Name and Address of Reporting Person^*

GOODWIN C KIM

(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								43,811.229(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(2)	10/01/2025		A(3)		96		(4)	(4)	Common Stock Par Value $0.01 per share	96	$0	15,728	D

Explanation of Responses:

1. Includes 229.646 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 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 Goodwin C. Kim report on Form 4 for BPOP?

Goodwin C. Kim reported a disposition of 43,811.229 common shares and the acquisition of 96 RSUs on 10/01/2025, leaving 15,728 shares beneficially owned.

How many restricted stock units did the director receive?

The filing shows the director received 96 RSUs, which convert on a one-for-one basis into common stock.

Are any dividend-related shares reported in the filing?

Yes, the filing states 229.646 shares were acquired through dividend reinvestment under Rule 16a-11.

When will the RSUs convert to shares?

The RSUs convert one-for-one and are issued to the reporting person on the 15th of August following termination of service as a director.

Who signed the Form 4?

The form was executed by Marie Reyes-Rodriguez, Attorney-in-fact on 10/03/2025.