FERRER JAVIER D. 4

What Happened
Javier D. Ferrer, President & CEO of Popular, Inc. (BPOP), was granted restricted stock and had shares withheld to cover tax liabilities on Feb 25, 2026. He received two awards totaling 23,796 restricted shares (7,661 and 16,135 shares; grant price $0.00). To satisfy tax withholding, 2,097 shares were transferred at $141.31 each for $296,327, and 506 shares at $141.31 each for $71,503 — a total of 2,603 shares withheld valued at approximately $367,830. These transactions are award grants (A) and share-withholding for taxes (F), not open-market purchases or voluntary sales.

Key Details

• Transaction date: Feb 25, 2026; Form 4 filed Feb 27, 2026 (filed within the typical 2-business-day window).
• Awards: 7,661 shares and 16,135 shares granted (price $0.00).
• Withholding (to satisfy tax liability): 2,097 shares @ $141.31 = $296,327; 506 shares @ $141.31 = $71,503; total withheld 2,603 shares (~$367,830).
• Shares owned after transaction: not specified in the provided details of this summary — see the Form 4 for post-transaction beneficial ownership.
• Footnotes: F1 — awards are restricted stock under the Omnibus Incentive Plan, vesting in equal annual installments on Feb 23 of 2027, 2028, 2029, and 2030. F2 — Mr. Ferrer disclaims beneficial ownership of shares held by his wife and has no investment authority over those shares.
• Transaction codes: A = award/grant; F = payment of exercise price or tax liability (share withholding).

Context
This was an equity award with routine tax-withholding rather than an open-market sale or purchase. Restricted-share grants are common executive compensation; the shares vest over future years per the stated schedule. The withheld shares represent taxes due on the award and do not necessarily indicate a change in the CEO’s confidence in the company.