Stock awards and tax withholding for Popular (BPOP) executive

Rhea-AI Filing Summary

Popular, Inc. Executive Vice President Luis E. Cestero reported multiple equity-related transactions in common stock. He received two grants totaling 2,724 and 2,156 shares at no cost, described as awards of restricted stock under Popular, Inc.'s Omnibus Incentive Plan. In a related transaction, 746 shares were disposed of at 141.3100 per share to cover tax obligations through share withholding. According to the award terms, the restricted stock vests in equal annual installments on each of February 23, 2027, 2028, 2029, and 2030, and Cestero's holdings remain directly owned following these transactions.

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)
02/25/2026

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		2,724	A	$0	22,960.137	D
Common Stock Par Value $0.01 per share	02/25/2026		F		746	D	$141.31	22,214.137	D
Common Stock Par Value $0.01 per share	02/25/2026		A(1)		2,156	A	$0	24,370.137	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. 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.

	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.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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FAQ

What insider transactions did BPOP executive Luis E. Cestero report?

Luis E. Cestero reported two restricted stock grants and one tax-withholding share disposition. He received 2,724 and 2,156 common shares at no cost and had 746 shares withheld at 141.3100 per share to satisfy tax obligations.

How many Popular, Inc. (BPOP) shares did Luis E. Cestero acquire in awards?

Luis E. Cestero acquired restricted stock awards of 2,724 and 2,156 Popular, Inc. common shares. These grants were issued at no purchase price as part of the company’s Omnibus Incentive Plan and will vest over several future years.

Why were 746 BPOP shares disposed of in Luis E. Cestero’s Form 4?

The 746 Popular, Inc. shares were disposed of to cover tax liabilities. The disposition, at 141.3100 per share, is labeled as payment of exercise price or tax liability by delivering securities, reflecting a tax-withholding transaction rather than an open-market sale.

When do Luis E. Cestero’s BPOP restricted stock awards vest?

The restricted stock awards vest in equal annual installments on February 23 of 2027, 2028, 2029, and 2030. This four-year vesting schedule ties continued ownership of the awarded Popular, Inc. shares to ongoing service over that period.

What is the nature of the BPOP stock awards to Luis E. Cestero?

The awards consist of restricted Popular, Inc. common stock granted under the company’s Omnibus Incentive Plan. They were issued at no cost to Luis E. Cestero and are subject to time-based vesting over four annual installments beginning in 2027.

Does Luis E. Cestero hold his BPOP shares directly after these transactions?

Yes, the Form 4 indicates that Luis E. Cestero’s ownership is direct. The transactions list his ownership type and code as direct, meaning the reported Popular, Inc. common shares are held in his own name rather than through an intermediary entity.