BPOP (BPOP) CFO Garcia reports tax-withholding disposition of 740 shares

Rhea-AI Filing Summary

POPULAR, INC. Executive Vice President & CFO Jorge J. Garcia reported a Form 4 transaction involving a tax-withholding disposition of 740 shares of common stock on February 23, 2026. The shares were valued at $141.29 per share for this withholding event, leaving him with 16,228.571 shares held directly.

His reported holdings include 72.096 shares acquired through dividend reinvestment, which were obtained in transactions exempt from Section 16 under Rule 16a-11.

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^*

Garcia Jorge J.

(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 & CFO

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		740	D	$141.29	16,228.571(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 72.096 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.

	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 Jorge J. Garcia?

POPULAR, INC. reported that Executive Vice President & CFO Jorge J. Garcia had a tax-withholding disposition of 740 shares of common stock. The transaction occurred on February 23, 2026 and reflects shares withheld to satisfy tax obligations, not an open-market sale.

What was the share price in Jorge J. Garcia’s February 23, 2026 BPOP Form 4 transaction?

The Form 4 lists a value of $141.29 per share for the 740 shares disposed in the tax-withholding transaction. This price is used for reporting the value of shares withheld to cover taxes, rather than indicating an open-market trade execution.

How many POPULAR, INC. (BPOP) shares does Jorge J. Garcia hold after this Form 4 transaction?

Following the February 23, 2026 tax-withholding disposition, Jorge J. Garcia directly holds 16,228.571 shares of POPULAR, INC. common stock. This total includes shares acquired over time, such as amounts obtained through dividend reinvestment programs described in the Form 4 footnotes.

What does transaction code "F" mean in the BPOP Form 4 for Jorge J. Garcia?

Transaction code “F” on the Form 4 indicates payment of an exercise price or tax liability by delivering securities. For Jorge J. Garcia, it reflects a tax-withholding disposition of 740 shares, rather than a discretionary buy or sell order in the open market.

Are dividend reinvestment shares included in Jorge J. Garcia’s POPULAR, INC. holdings?

Yes. The Form 4 footnote states that 72.096 shares were acquired through dividend reinvestment. These shares were obtained in transactions exempt from Section 16 of the Exchange Act under Rule 16a-11 and are included in his reported direct ownership total.

Does the February 2026 BPOP Form 4 indicate indirect ownership for Jorge J. Garcia?

No. The reported holdings are classified as direct ownership, with the ownership code shown as “D.” There is no indication in the filing that the shares are held through trusts, partnerships, or other indirect entities, and no disclaimer of beneficial ownership is provided.