CARRION RICHARD L 4

What Happened Richard L. Carrion, a director of Popular, Inc. (BPOP), recorded an indirect acquisition of 564 shares on 2026-02-19. The transaction price is listed as $0.00, meaning no cash was paid for these shares; the filing reports an increase in indirect ownership rather than a market purchase.

Key Details

• Transaction date: 2026-02-19; Form 4 filed 2026-02-20 (timely filing).
• Transaction type/code: "Other acquisition or disposition (J)" — reported as 564 shares acquired at $0.00.
• Shares owned after transaction: the form reports an indirect ownership increase of 564 shares; total Popular shares held indirectly by Carrion via the entity are not shown on the Form 4.
• Relevant footnotes:
  • F1: The 564-share increase resulted from Junior Investment Corporation (JIC) redeeming part of a stockholder's interest and reallocating Popular shares pro rata among JIC shareholders.
  • F2: Carrion holds approximately a 23.3234% interest in JIC (the entity that holds Popular shares).
  • F3/F4: The filing also includes notes about restricted stock units converting one-for-one into common shares and issuance timing after termination of director service (not directly tied to this reallocation).
• No late filing indicated.

Context This was an indirect reallocation of shares within an investment vehicle (JIC), not an open-market purchase or sale by Carrion personally. Such reallocations change reported indirect ownership but do not necessarily reflect a personal cash investment or sale decision by the insider.