POPULAR (BPOP) CFO Jorge Garcia Receives Restricted Stock Award

What Happened
Jorge Garcia, Executive Vice President & Chief Financial Officer of Popular, Inc. (BPOP), was granted 5,733 restricted shares on August 19, 2026. The shares were awarded at $0.00 (compensation grant), so the reported acquisition value is $0. This award is an equity compensation grant rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-08-19 (reported on Form 4 filed 2026-08-20).
• Transaction type/code: Award/Grant (A).
• Shares granted: 5,733 restricted shares at $0.00 per share (total reported value $0).
• Vesting: Vests in equal annual installments on Feb 23 of 2027, 2028, 2029 and 2030 (footnote F1).
• Shares owned after transaction: Not specified in this filing.
• Additional note: Filing includes footnote that 130.113 shares were acquired via dividend reinvestment (exempt under Rule 16a-11) (footnote F2).
• No tax‑withholding or cashless‑exercise details disclosed.

Context
Restricted stock grants are a routine part of executive compensation and vest over time; they do not reflect an immediate open‑market purchase or sale. Investors may watch future Form 4s for any sales after vesting or other changes in holdings. The dividend‑reinvestment shares noted were exempt transactions under Rule 16a‑11 and are separate from this grant.