Form 4: Popular EVP Sells Shares in Tax-Related Transaction

Popular, Inc. Executive Vice President Eli Sepulveda reported a disposition of 691 common shares at $141.29 each, primarily for tax purposes, while retaining over 34,000 shares.

Summary

• Eli Sepulveda, Executive Vice President of Popular, Inc. (BPOP), reported a transaction involving the company's common stock.
• On February 23, 2026, Sepulveda disposed of 691 shares of Common Stock with a par value of $0.01 per share.
• The shares were disposed of at a price of $141.29 per share.
• Following this transaction, Sepulveda beneficially owns 34,648.694 shares of Common Stock.
• The transaction code 'F' typically indicates a payment of tax liability by delivering or withholding securities incident to the vesting of a restricted stock award or the exercise of a stock option.
• The reported beneficial ownership includes 74.698 shares acquired through dividend reinvestment, which are exempt from Section 16 of the Securities Exchange Act of 1934 under Rule 16a-11.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a routine, non-discretionary disposition for tax purposes and does not indicate a shift in the Executive Vice President's confidence or the company's operational performance.

Positives

• The Executive Vice President retains a substantial holding of 34,648.694 shares, indicating continued alignment with shareholder interests.
• The acquisition of 74.698 shares through dividend reinvestment demonstrates ongoing participation in the company's equity growth.

Negatives

• A disposition of shares, even for tax purposes, reduces the insider's direct equity stake in the company.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as dispositions for tax withholding purposes (indicated by transaction code 'F'), are common occurrences and typically do not signal a change in the company's fundamental outlook or the insider's confidence in the company's future performance. These are often non-discretionary events tied to compensation vesting schedules.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction by an insider and does not suggest a change in company fundamentals or insider confidence.

Key Dates

Recommendation

This Form 4 filing details a routine, non-discretionary disposition of shares by an Executive Vice President for tax purposes. It does not provide new information that would alter the fundamental investment thesis for Popular, Inc. Therefore, a seasoned investor or institution would likely maintain their current position, as this transaction does not signal a change in company performance or insider sentiment.

Keywords

Popular Inc, BPOP, Eli Sepulveda, Insider Trading, Form 4, Share Disposition, Executive Vice President, Common Stock, Tax Withholding