Company: BPOPM
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010189
Chunk: 1

Company: POPULAR, INC.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 1
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 to express our gratitude and appreciation to John W. Diercksen, who will retire this year as a member of the Board after reaching the director mandatory retirement age. John has been a member of the Board since 2013 and became our Lead Independent Director in 2020. We will certainly miss John and wish him all the best in the future. On behalf of everyone at Popular, I would also like to extend a special thank you to Ignacio Alvarez, who will retire as the CEO of Popular on June 30, 2025. Ignacio joined Popular in 2010, when I was CEO, at a very challenging time for our organization and the financial industry. His counsel and support were invaluable and his highly strategic and collaborative approach quickly set him apart as a great leader. We wish him the best in his well-deserved retirement. Meanwhile, we look forward to continue working with Javier D. Ferrer as the newly appointed CEO of Popular, effective July 1, 2025. Javier has assumed increasing responsibilities in key leadership positions, demonstrating that he has the experience and vision to lead Popular as the new CEO and ensure the organization’s continued success.

| This Notice of Annual Meeting and Proxy Statement contains the details of the business to be conducted during the 2025 Annual Meeting. At this year’s meeting, shareholders will be considering the election of 11 candidates to our Board of Directors for a one-year term, an advisory vote to approve executive compensation and the ratification of PricewaterhouseCoopers LLP as our independent 
 registered public accountants for 2025.                                                                                                                                                                                                                                                                                                                                                               
 I encourage you to read our proxy statement, annual report and other proxy materials. Whether or not you plan to participate in the Annual Meeting, we urge you to vote as soon as possible, either online, by phone or by mail. Please follow the voting instructions to ensure your shares are represented at the meeting. Your vote is                                                             
 important to us.                                                                                                                                                                                                                                                                                                                                                                                      
 On behalf of the Board of Directors, thank you for your continued                                                                                                                                                                                                                                                                                                                                     
 investment and support.                                                                                                                                                                                                                                                                                                                                                                               
 RICHARD L. CARRIÓN                                                                                                                                                                                                                                                                                                                                                                                    
 Chairman of the Board of Directors                                                                                                                                                                                                                                                                                                                                                                    
 Popular, Inc.                                                                                                                                                                                                                                                                                                                                                                                         |

TABLE OF CONTENTS

DEAR SHAREHOLDERS: 2024 was a strong year for Popular, driven by positive earnings, healthy loan growth, stable credit quality and the successful execution of our capital actions. Our accomplishments during 2024 reflect the effort of