Soriano Lidio 4

What Happened
Lidio Soriano, Executive Vice President of Popular, Inc. (BPOP), was granted a total of 6,840 restricted shares on Feb 25, 2026 (3,858 + 2,982 shares). To satisfy tax withholding on the award, 1,173 shares were surrendered/withheld at $141.31 per share, a cash value of $165,756 (1,079 shares = $152,473; 94 shares = $13,283). The grants are awards of restricted stock (not open-market purchases).

Key Details

• Transaction date: Feb 25, 2026; Form 4 filed Feb 27, 2026 (filing appears timely).
• Awarded shares: 3,858 and 2,982 (total 6,840) — coded A (award/grant).
• Shares withheld for taxes: 1,079 and 94 (total 1,173) at $141.31/share — total withholding value $165,756 — coded F (payment of tax liability).
• Shares owned after the reported transactions: not specified in the provided filing details.
• Footnote: Awarded restricted stock vests in equal annual installments on Feb 23, 2027, 2028, 2029 and 2030.
• Transaction codes: A = award/grant; F = payment of exercise price or tax liability (share withholding to cover taxes).

Context
This filing documents a compensation award (restricted stock) rather than an open-market purchase or a discretionary sale. Withholding shares to cover taxes is a routine administrative step and does not necessarily reflect the insider’s view of the stock. The award vests over multiple years, so the shares are subject to time-based vesting before becoming fully owned and transferable.