BALLESTER ALEJANDRO M 4

What Happened Alejandro M. Ballester, a director of Popular, Inc. (BPOP), disposed of 2,360 shares on January 30, 2026. The shares were sold at $132.50 each for total gross proceeds of $312,700. The transaction is reported as a sale (code S) and was described as an "open market or private sale." This is a sale (not a purchase) — sales are often routine and do not necessarily indicate negative company outlook.

Key Details

• Transaction date: 2026-01-30; price: $132.50 per share; shares sold: 2,360; gross proceeds: $312,700.
• Method reported: "open market or private sale" (Form 4 sale).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes included in the filing:
  • F1: Restricted stock units convert into common stock on a one‑for‑one basis.
  • F2: Restricted stock units are converted and issued in equal annual installments on each Aug 15 of the first five years following termination of service as a director.
• Filing date: 2026-02-02. This filing appears to have been submitted within the required two-business-day window (timely).

Context This report involves a director (an insider) and not a purchase—buy transactions are generally more informative about insider conviction. The filing does not indicate 10% owner status. The presence of RSU-related footnotes describes how some holdings may vest or be issued, but the reported transaction itself was a sale of existing shares.