Coleman-Tio Jose R. 4

What Happened

• Jose R. Coleman-Tio, EVP & Chief Legal Officer of POPULAR, Inc. (BPOP), was granted restricted stock awards totaling 4,950 shares (2,386 and 2,564 shares) on Feb 25, 2026 (awards reported at $0.00). To cover taxes, 654 shares were surrendered/withheld at $141.31 per share, generating proceeds of $92,417. These awards are grants (not open-market purchases or sales).

Key Details

• Transaction date(s): Feb 25, 2026 (reported on Form 4 filed Feb 27, 2026).
• Awards: 2,386 shares @ $0.00 and 2,564 shares @ $0.00 (total 4,950 shares).
• Tax withholding: 654 shares disposed @ $141.31 per share, total $92,417 (transaction code F).
• Vesting: Per footnote, the restricted stock award vests in equal annual installments on Feb 23 of 2027, 2028, 2029 and 2030.
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Reported two days after the transaction date (filed Feb 27, 2026 for a Feb 25, 2026 transaction), consistent with typical Form 4 timing.

Context

• These were restricted-stock awards (code A). The 654-share disposition is a routine tax-withholding action (code F) — not an open-market sale — and is commonly used to satisfy tax obligations on stock awards.
• Awards that vest over multiple years do not represent an immediate market purchase; they provide future economic interest contingent on vesting.