Popular (BPOP) EVP Luis Cestero disposes 766 shares for tax withholding

Rhea-AI Filing Summary

POPULAR, INC. Executive Vice President Luis E. Cestero reported a Form 4 transaction involving a tax-related share disposition. On February 23, 2026, he disposed of 766 shares of common stock at $141.29 per share through a tax-withholding disposition, which is used to cover tax liabilities on equity awards rather than as an open-market sale. After this transaction, he directly owned 20,236.137 shares of Popular common stock. Footnotes note that his holdings include shares acquired through dividend reinvestment and through the Popular, Inc. Puerto Rico Savings and Investment Plan in transactions exempt from certain Section 16 rules.

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^*

CESTERO LUIS E.

(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)
02/23/2026

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		766	D	$141.29	20,236.137(1)(2)	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 75.436 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. Includes 6.824 shares acquired under Popular, Inc. Puerto Rico Savings and Investment Plan in exempt transactions pursuant to Rule 16(b)(3).

	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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FAQ

What insider transaction did POPULAR, INC. (BPOP) report for Luis E. Cestero?

POPULAR, INC. reported that Executive Vice President Luis E. Cestero disposed of 766 shares of common stock. The transaction was a tax-withholding disposition used to cover tax liabilities on equity compensation, not an open-market buy or sell transaction.

How many BPOP shares did Luis E. Cestero dispose of and at what price?

Luis E. Cestero disposed of 766 shares of POPULAR, INC. common stock at a price of $141.29 per share. The transaction was coded as a tax-withholding disposition to satisfy exercise price or tax obligations associated with equity awards.

How many POPULAR, INC. (BPOP) shares does Luis E. Cestero hold after this Form 4 transaction?

Following the reported transaction, Luis E. Cestero directly owned 20,236.137 shares of POPULAR, INC. common stock. This figure includes shares accumulated over time through dividend reinvestment and participation in the Popular, Inc. Puerto Rico Savings and Investment Plan.

What does transaction code F mean in the BPOP Form 4 for Luis E. Cestero?

Transaction code F indicates a tax-withholding disposition, where shares are delivered to satisfy exercise price or tax liability. For Luis E. Cestero, the 766-share transaction reflects shares withheld for taxes related to equity compensation, not a discretionary market sale.

How were some of Luis E. Cestero’s BPOP shares acquired according to the Form 4 footnotes?

Footnotes explain that 75.436 shares were acquired through dividend reinvestment and 6.824 shares through the Popular, Inc. Puerto Rico Savings and Investment Plan. Both were carried out in exempt transactions under specific SEC rules related to insider trading regulation.