Form 4: Popular Insider Monzón Sells 8,482 and 9,519 Shares Sept 2025

Rhea-AI Filing Summary

Monzón Gilberto, an Executive Vice President of Popular, Inc. (ticker shown as BPOP in this filing), reported two non-derivative common stock sales on 09/02/2025. The filing shows a sale of 8,481.745 shares at a weighted-average price of $124.97, and a sale of 9,519 shares at $124.03. Post-transaction beneficial ownership is reported as 34,291.736 shares in one line and 24,772.736 shares in the other line. The filing discloses the weighted-price range for the first sale was $124.93–$124.98 and notes that 305.184 shares were acquired via dividend reinvestment exempt under Rule 16a-11. The Form is signed by an attorney-in-fact on 09/03/2025.

Positive

• None.

Negative

• Insider sales: Reporting person sold 8,481.745 shares at a weighted-average $124.97 on 09/02/2025.
• Insider sales: Reporting person sold 9,519 shares at $124.03 on 09/02/2025.
• Reduced beneficial ownership reported: Post-transaction holdings reported as 34,291.736 and 24,772.736 shares on separate lines.

Insights

Financial Analyst

TL;DR Insider executed two sizable common-stock sales totaling 17,... shares at ~$124 per share.

The reporting officer sold 8,481.745 shares at a weighted-average of $124.97 and 9,519 shares at $124.03 on 09/02/2025. The Form 4 lists resulting beneficial-ownership figures of 34,291.736 and 24,772.736 shares on the respective lines. The filing also discloses a small dividend-reinvestment allocation of 305.184 shares acquired under Rule 16a-11 and provides the execution price range for the weighted-average sale. The disclosure is procedural and supplies precise quantities and prices that market participants can use to update insider-holding records.

Corporate Governance Expert

TL;DR Officer-level insider reported routine Section 16 sales with explanatory footnotes and attorney signature.

The Form 4 indicates the reporting person is an Executive Vice President and identifies two separate sale transactions executed the same day. The filing includes the required explanatory footnote about weighted-average pricing and notes reinvested dividends exempt under Rule 16a-11. The form is signed by an attorney-in-fact, fulfilling execution formalities. All material disclosure items required by Form 4 appear to be present in the filing text provided.

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^*

MONZON GILBERTO

(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)
09/02/2025

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	09/02/2025		S		8,481.745	D	$124.97(1)	34,291.736(2)	D
Common Stock Par Value $0.01 per share	09/02/2025		S		9,519	D	$124.03	24,772.736	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. This price is a weighted average price. These shares were sold in multiple transactions ranging from $124.93 and $124.98, inclusive. The reporting person undertakes to provide the Corporation, any security holder of the Corporation, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each separate price within the ranges set forth in this footnote.

2. Includes 305.184 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-fact	09/03/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Monzón Gilberto report for Popular, Inc. (BPOP)?

The Form 4 reports two sales on 09/02/2025: 8,481.745 shares sold at a weighted-average price of $124.97 and 9,519 shares sold at $124.03.

How many shares does the filing show Monzón beneficially owned after the transactions?

The filing shows post-transaction beneficial ownership amounts of 34,291.736 shares and 24,772.736 shares on the respective reporting lines.

Does the Form 4 disclose any shares acquired rather than sold?

Yes. The footnote states that 305.184 shares were acquired via dividend reinvestment exempt under Rule 16a-11.

What price range is disclosed for the weighted-average sale price?

The filing discloses the first sale occurred in multiple transactions at prices ranging from $124.93 to $124.98, producing the weighted-average $124.97.

Who signed the Form 4 and when?

The Form is signed by Marie Reyes-Rodriguez, Attorney-in-fact on 09/03/2025.