CESTERO LUIS E. 4

What Happened

• Luis E. Cestero, Executive Vice President of Popular, Inc. (BPOP), received a grant of restricted stock totaling 4,880 shares on 2026-02-25 (two award entries: 2,724 and 2,156 shares). No purchase price was paid for the awards (reported $0.00).
• To satisfy tax withholding on the award, 746 shares were withheld/disposed at $141.31 per share, yielding a reported value of $105,417. Net new shares issued to Cestero from this transaction = 4,880 - 746 = 4,134 shares.
• These awards are compensation (not an open-market purchase) and do not by themselves indicate a buy/sell market signal.

Key Details

• Transaction date: 2026-02-25; filing date: 2026-02-27 (filing does not indicate lateness).
• Awards: 2,724 shares and 2,156 shares granted (codes: A = award/grant).
• Tax withholding: 746 shares withheld/disposed at $141.31 per share for $105,417 (code: F = tax withholding/payment of exercise price or tax liability).
• Shares owned after transaction: not specified in the filing.
• Footnote: The restricted stock award vests in equal annual installments on February 23 of 2027, 2028, 2029 and 2030.

Context

• This was a compensation award (restricted stock) that vests over four years; the withholding of shares to cover taxes is a routine administrative step (cashless withholding) rather than an intentional market sale by the insider.
• For retail investors, awards signal executive compensation/retention rather than an immediate bullish purchase.