EVP Cestero sells 10,000 BPOP shares at $103.40; retains 17,147 shares (-36.8% of prior holding)
EVP Luis E. Cestero executed a sale of 10,000 shares at $103.40 on 2025-01-31, reducing his holdings from 27,147 shares to 17,147 shares. The sale price of $103.40 is near the 52-week high of $104.28 and well above the current price of $99.91, reflecting a price environment 4.2% below the 52-week peak. Popular Inc. is fundamentally sound with net income of $155,323,000.00, 16.0% annual revenue growth, and a P/E of 13.41 at a $7.1B market cap. The transaction reduces Cestero's position by more than one-third, though he retains material holdings. No circumstances (such as a 10b5-1 plan or scheduled program) are provided in the filing, leaving the transaction's timing motivation opaque.