Popular, Inc. (BPOP) EVP Chinea reports stock grants and tax withholding moves

Rhea-AI Filing Summary

POPULAR, INC. Executive Vice President Manuel Chinea reported equity compensation activity in company stock. He received grants of 3,684 and 2,244 shares of common stock at no cost, described as restricted stock awards under Popular, Inc.'s Omnibus Incentive Plan that vest in equal annual installments on each of February 23, 2027, 2028, 2029, and 2030. On the same date, 1,509 and 905 shares of common stock were disposed of at $141.31 per share to cover tax liabilities through share withholding, rather than open-market sales. The filing also notes 3,426.443 phantom stock units outstanding, each economically equivalent to one common share and generally payable after his employment ends.

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^*

CHINEA MANUEL

(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)
	Executive Vice President

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		3,684	A	$0	34,998.89(1)	D
Common Stock Par Value $0.01 per share	02/25/2026		F		1,509	D	$141.31	33,489.89	D
Common Stock Par Value $0.01 per share	02/25/2026		A(2)		2,244	A	$0	35,733.89	D
Common Stock Par Value $0.01 per share	02/25/2026		F		905	D	$141.31	34,828.89	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
Phantom Stock	(3)							(4)	(4)	Common Stock Par Value $0.01 per share	3,426.443		3,426.443	D

Explanation of Responses:

1. Includes 71.093 shares acquired pursuant to reinvestment of dividends paid by the Corporation. The shares were acquired in transaction exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11 thereunder.

2. 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.

3. Each share of phantom stock is the economic equivalent of one share of the Corporation's common stock.

4. Shares of phantom stock are payable following the termination of the reporting person's employment with the Corporation. The reporting person may transfer his phantom stock account into an alternative investment account at any time.

	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 Manuel Chinea report on this Form 4?

Manuel Chinea reported stock-based compensation activity, including grants and tax-related share withholding. He received new Popular, Inc. common shares as restricted stock awards and had some shares withheld at a stated price to satisfy associated tax obligations, rather than selling shares in the open market.

How many Popular, Inc. (BPOP) shares were granted to Manuel Chinea in this filing?

Manuel Chinea was granted 3,684 and 2,244 shares of Popular, Inc. common stock. These awards are described as restricted stock under the company’s Omnibus Incentive Plan and represent equity compensation rather than open-market purchases, with vesting spread over several future dates.

What does the tax-withholding disposition in Manuel Chinea’s BPOP Form 4 mean?

The filing shows dispositions of 1,509 and 905 Popular, Inc. shares at $141.31 per share for tax withholding. This indicates shares were delivered back to the issuer to cover tax liabilities tied to equity awards, not discretionary sales into the open market by the executive.

When do Manuel Chinea’s BPOP restricted stock awards vest?

The restricted stock awards to Manuel Chinea vest in equal annual installments on February 23 of 2027, 2028, 2029, and 2030. This multi-year vesting schedule ties his equity compensation to continued service with Popular, Inc. over that period, aligning incentives with long-term employment.

What is the phantom stock reported for BPOP’s Manuel Chinea, and how does it work?

The Form 4 notes 3,426.443 phantom stock units for Manuel Chinea, each economically equal to one Popular, Inc. common share. These units are generally payable after his employment ends, and he may transfer the phantom stock balance into an alternative investment account at any time.

Did Manuel Chinea’s BPOP Form 4 show open-market buying or selling of shares?

The Form 4 reflects equity grants and tax withholding, not open-market trading. New shares were granted as restricted stock awards, while other shares were disposed of specifically to pay tax liabilities by delivering stock, rather than selling shares on the public market.