Popular director granted 110 RSUs as dividends

POPULAR, INC. director Myrna Soto received 110 Restricted Stock Units on April 1, 2026 as a grant tied to dividend equivalents on existing awards.

Rhea-AI Filing Summary

POPULAR, INC. director Myrna Soto received 110 Restricted Stock Units on April 1, 2026 as a grant tied to dividend equivalents on existing awards. These RSUs convert into common stock on a one-for-one basis. After this grant, she directly holds 19,756 RSUs and 4,739.388 common shares, some acquired through dividend reinvestment programs exempt under Section 16 rules.

Insider Trade Summary

Grant/Award: 110 shares

Grant/Award 2 txns

Insider Soto Myrna

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	110	$0.00	$0.00
holding	Common Stock Par Value $0.01 per share	--	--	--

Holdings After Transaction: Restricted Stock Units — 19,756 contracts (Direct); Common Stock Par Value $0.01 per share — 4,739.388 shares (Direct)

Footnotes (4)

1. F1. Includes 23.887 hares 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. F2. Restricted stock units convert into common stock on a one-for-one basis.
3. 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.
4. 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

RSUs granted: 110 units RSUs held after: 19,756 units Common shares held after: 4,739.388 shares +1 more

4 metrics

RSUs granted 110 units Restricted Stock Units granted on April 1, 2026 via dividend equivalents

RSUs held after 19,756 units Total Restricted Stock Units directly held after reported transaction

Common shares held after 4,739.388 shares Direct Popular common stock holdings after the transaction

Dividend reinvestment shares 23.887 shares Common shares acquired via dividend reinvestment under Rule 16a-11

Key Terms

Restricted Stock Units, dividend equivalents, Rule 16a-11, Section 16, +1 more

5 terms

Restricted Stock Units financial

"Reflects Restricted Stock Units ("RSUs") received by the reporting person"

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

"as a result of dividend equivalents accrued with respect to outstanding RSUs"

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

"exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder"

Section 16 regulatory

"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.

termination of service as a director financial

"first five years following the date of termination of service as a director"

FAQ

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

What did Popular (BPOP) director Myrna Soto report in this Form 4?

Myrna Soto reported receiving 110 Restricted Stock Units as a grant linked to dividend equivalents on existing RSUs. These units convert one-for-one into Popular common stock, increasing her equity-based compensation position without involving any open-market share purchases or sales.

Are the Popular (BPOP) RSUs granted to Myrna Soto open-market purchases?

No. The 110 Restricted Stock Units reported are a compensation-related grant from dividend equivalents on existing RSUs, not open-market purchases. They are issued at no cash cost to her and settle into common stock based on the plan’s terms and director service conditions.

How many Popular (BPOP) RSUs and shares does Myrna Soto hold after this filing?

Following the reported grant, Myrna Soto directly holds 19,756 Restricted Stock Units and 4,739.388 shares of Popular common stock. A portion of the common shares reflects dividend reinvestment transactions conducted under Rule 16a-11, which are exempt from normal Section 16 reporting treatment.

How do the Popular (BPOP) RSUs for Myrna Soto convert into common stock?

The Restricted Stock Units convert into Popular common stock on a one-for-one basis. They are scheduled to be issued in equal annual installments each August 15 during the first five years after her termination of service as a director, according to the plan description.

What are dividend equivalents on RSUs in the Popular (BPOP) compensation plan?

Dividend equivalents on RSUs mirror dividends paid to ordinary shareholders by crediting additional RSUs instead of cash. For Myrna Soto, these equivalents accrued at the same rate and time as shareholder dividends, creating 110 new RSUs subject to the same terms as the original awards.

Were any Popular (BPOP) shares acquired through dividend reinvestment programs?

Yes. The filing notes that 23.887 Popular common shares were acquired via dividend reinvestment. These transactions occurred under a dividend reinvestment program and are exempt from Section 16 reporting under Rule 16a-11, reflecting automatic reinvestment rather than discretionary trading activity.

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

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Accepted by SEC EDGAR 04/02/2026 - 03:27 PM EDT Learn about SEC filing dates

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^*

Soto Myrna

(Last) (First) (Middle)

P O BOX 362708

(Street)

SAN JUAN PUERTO RICO 00936-2708

(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)
04/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock Par Value $0.01 per share								4,739.388(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)	04/01/2026		A(3)		110		(4)	(4)	Common Stock Par Value $0.01 per share	110	$0	19,756	D

Explanation of Responses:

1. Includes 23.887 hares 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-act	04/02/2026
	** 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)