Popular insider reports tax-related share withholding

Popular, Inc. Senior VP & Comptroller Denissa Rodriguez Adorno reported a Form 4 transaction involving a tax-related share disposition.

Rhea-AI Filing Summary

Popular, Inc. Senior VP & Comptroller Denissa Rodriguez Adorno reported a Form 4 transaction involving a tax-related share disposition. On February 23, 2026, 198 shares of common stock were withheld at $141.29 per share to cover tax obligations, classified as a "payment of exercise price or tax liability by delivering securities." After this transaction, she directly owned 2,420.467 shares. Her holdings include 14.426 shares acquired through dividend reinvestment in a transaction exempt from Section 16 under Rule 16a-11.

Insider Trade Summary

Exercise Price or Tax Liability: 198 shares

Exercise Price or Tax Liability 1 txn

Insider Rodriguez Adorno Denissa

Role Senior VP & Comptroller

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock Par Value $0.01 per share	198	$141.29	$28K

Holdings After Transaction: Common Stock Par Value $0.01 per share — 2,420.467 shares (Direct)

Footnotes (1)

1. F1. Includes 14.426 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.

FAQ

What insider transaction did Denissa Rodriguez Adorno report for POPULAR, INC. (BPOP)?

Denissa Rodriguez Adorno reported a tax-related share disposition on a Form 4. On February 23, 2026, 198 shares of Popular, Inc. common stock were withheld to satisfy tax obligations, rather than sold in an open-market transaction, reflecting standard equity award tax treatment.

How many POPULAR, INC. (BPOP) shares were disposed of in this Form 4 filing?

The Form 4 shows a disposition of 198 shares of Popular, Inc. common stock. These shares were withheld at $141.29 per share to pay exercise price or tax liabilities, consistent with transaction code F, instead of being sold as a regular market transaction.

How many POPULAR, INC. (BPOP) shares does Denissa Rodriguez Adorno hold after the transaction?

After the reported transaction, Denissa Rodriguez Adorno directly holds 2,420.467 Popular, Inc. shares. This total includes shares from prior awards and 14.426 shares previously acquired through dividend reinvestment, as referenced in the accompanying Form 4 footnote.

What does transaction code F mean in the POPULAR, INC. (BPOP) Form 4?

Transaction code F indicates shares were used to pay an exercise price or satisfy tax liabilities. In this case, 198 Popular, Inc. shares were withheld at $141.29 per share to cover tax obligations, rather than being voluntarily sold on the open market.

What does the footnote about 14.426 shares mean for POPULAR, INC. (BPOP) insider holdings?

The footnote explains that 14.426 shares were acquired through dividend reinvestment. These Popular, Inc. shares came from reinvested dividends in a transaction exempt from Section 16 under Rule 16a-11, and they are included in Denissa Rodriguez Adorno’s directly owned share balance.

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Accepted by SEC EDGAR 02/25/2026 - 01:42 PM 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^*

Rodriguez Adorno Denissa

(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)
	Senior VP & Comptroller

3. Date of Earliest Transaction (Month/Day/Year)
02/23/2026

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	02/23/2026		F		198	D	$141.29	2,420.467(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

Explanation of Responses:

1. Includes 14.426 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.

	Marie Reyes-Rodriguez, Attorney-in-act	02/25/2026
	** 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).
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