SEPULVEDA ELI 4

What Happened Eli Sepulveda, Executive Vice President of Popular, Inc. (BPOP), received 5,368 restricted shares (grants) on 2026-02-25 (3,333 and 2,035 shares, reported as acquisition code A at $0.00). On the same date 1,006 shares were disposed (reported as code F for payment of exercise price or tax liability) to cover tax obligations: 942 shares at $141.31 each (reported value $133,114) and 64 shares at $141.31 each (reported value $9,044), for a total tax-withholding value of $142,158. Awards are not purchases (they are compensation grants); the withholding is a routine tax-related disposition.

Key Details

• Transaction date: 2026-02-25; filing date: 2026-02-27 (filing appears timely).
• Grants recorded as A (award/grant): 3,333 shares and 2,035 shares at $0.00.
• Withheld/disposed recorded as F (tax withholding): 942 shares ($133,114) and 64 shares ($9,044); total $142,158 at $141.31 per share.
• Shares owned after the transaction are not stated in the provided excerpt of the filing.
• Footnote: The restricted stock award vests in equal annual installments on Feb 23 of 2027, 2028, 2029 and 2030.
• No 10b5-1 plan or late-filing indicator was noted in the provided data.

Context

• Code A indicates an award/grant (compensation) rather than an open-market purchase — awards are common executive compensation. Code F indicates shares were surrendered/withheld to satisfy tax withholding obligations (a routine administrative step), not an open-market sale for investment purposes.