Sanchez Alejandro M 4

What Happened

• Alejandro M. Sanchez, a director of POPULAR, Inc. (BPOP), was granted 906 restricted shares on 2026-05-08 (transaction code A). The grant was reported at $0.00 per share (awarded, not purchased).
• To satisfy tax withholding obligations (transaction code F), 68 shares were transferred/disposed at $149.01 per share, for a total withholding value of $10,133.

Key Details

• Transaction date(s): 2026-05-08; filing date: 2026-05-11.
• Award: 906 restricted shares granted at $0.00 (A).
• Tax withholding: 68 shares disposed at $149.01 each, totaling $10,133 (F).
• Vesting: The restricted stock award vests on May 8, 2027 (Footnote F1).
• Additional note: The reported holdings include 6.920 shares acquired via dividend reinvestment exempt under Rule 16a-11 (Footnote F2).
• Shares owned after the transaction: Not specified in the provided filing details.
• Filing timeliness: Filing date is listed as 2026-05-11 for the 2026-05-08 transaction (no late filing status provided in the supplied data).

Context

• This was a compensation award (restricted stock), not an open-market buy; such awards are routine executive/director compensation rather than a direct market signal.
• The 68-share disposition was a tax-withholding event to cover the award’s tax liability (a common, administrative step when restricted shares are granted).