Castellvi Beatriz 4

What Happened Beatriz Castellvi, EVP & Chief Security Officer of Popular, Inc. (BPOP), received two grants of restricted stock on 2026-02-25 totaling 4,539 shares (2,724 + 1,815) at $0.00 per share (award). To cover tax withholding obligations, 836 shares (779 + 57) were surrendered/withheld at $141.31 per share, producing proceeds of $110,080 and $8,055 respectively (total withheld value $118,135). The awards themselves were granted at no cash cost to the insider.

Key Details

• Transaction date: 2026-02-25; Form 4 filed 2026-02-27 (appears timely).
• Grants: 4,539 restricted shares (code A) granted at $0.00.
• Withholding: 836 shares surrendered to satisfy tax liability (code F) at $141.31/share; total withheld value $118,135.
• Vesting: Footnote F1 — awards vest in equal annual installments on Feb 23 of 2027, 2028, 2029 and 2030.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction codes: A = award/grant; F = payment of exercise price or tax liability (share withholding).

Context This was an equity award with shares withheld to meet tax obligations — a routine administrative action rather than an open-market sale. The restricted shares vest over four years, so these grants are long-term compensation. If one values the shares at $141.31 (the withholding price), the gross market value of the 4,539 shares would be roughly $641k; the company used 836 shares to cover immediate taxes (~$118k). This filing does not imply insider intent to buy or sell additional shares.