Popular (NASDAQ: BPOP) EVP reports routine 263-share tax-withholding transaction
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
POPULAR, INC. Executive Vice President Hector Alejandro Flores reported a tax-related share disposition. On April 27, 2026, 263 shares of Popular common stock were withheld at $150.62 per share to satisfy tax obligations, a non-market “F” code transaction.
After this withholding, Flores directly holds 5,820.966 shares of Popular common stock. This total includes 30.664 shares previously acquired through dividend reinvestment under transactions exempt from Section 16 pursuant to Rule 16a-11.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Flores Hector Alejandro
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock Par Value $0.01 per share | 263 | $150.62 | $40K |
Holdings After Transaction:
Common Stock Par Value $0.01 per share — 5,820.966 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 263 shares
Withholding price: $150.62 per share
Shares held after transaction: 5,820.966 shares
+1 more
4 metrics
Tax-withheld shares
263 shares
Shares withheld on April 27, 2026 to cover tax liability
Withholding price
$150.62 per share
Value used for the 263-share tax-withholding disposition
Shares held after transaction
5,820.966 shares
Direct holdings of common stock following the tax withholding
Dividend reinvestment shares
30.664 shares
Shares acquired via dividend reinvestment exempt under Rule 16a-11
Key Terms
tax-withholding disposition, Rule 16a-11, Section 16, Common Stock Par Value $0.01 per share
4 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Rule 16a-11 regulatory
"exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-11"
Section 16 regulatory
"transactions exempt from Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What did POPULAR, INC. (BPOP) insider Hector Alejandro Flores report on this Form 4?
Executive Vice President Hector Alejandro Flores reported a tax-withholding disposition of 263 shares of Popular common stock. The shares were withheld by the company to cover tax liabilities, rather than sold in the open market, and are reported under transaction code “F.”
What does the footnote about Rule 16a-11 mean in the POPULAR, INC. (BPOP) Form 4?
The footnote explains that 30.664 of Flores’s shares came from dividend reinvestment in transactions exempt from Section 16 reporting under Rule 16a-11. This clarifies that some shares were accumulated automatically through a reinvestment program rather than active market transactions by the insider.