Company: BPOPM
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010189
Chunk: 65

Company: POPULAR, INC.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 65
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 L. Soriano, $469,174; and M. Chinea, $404,400. As a result of his retirement on March 31, 2024, Mr. Vázquez was not awarded Performance Shares in 2024.

| (d) | The amounts reported in the Non-Equity Incentive Plan Compensation column reflect the amounts earned by each NEO under Popular's annual STI plan for the applicable performance year (which are paid in the first quarter of the following calendar year). NEOs were eligible to participate in a 2024 annual cash incentive opportunity based on the achievement of their annual corporate, strategic and individual goals. The “2024 Executive Compensation Programs and Pay Decisions” section of the CD&A describes how the 2024 short-term incentive awards to the NEOs were determined. Due to Mr. Vázquez’s retirement on March 31, 2024, the Committee approved a prorated Short-Term cash Incentive of $153,000, corresponding to Mr. Vázquez’s target opportunity under the STI plan of 80% of base salary prorated based on the three full calendar months of employment during 2024. |

| (f) | The amounts reported in the “All Other Compensation” column reflect, for each NEO, the sum of (i) the incremental cost to Popular of all perquisites and other personal benefits with an aggregate amount greater than or equal to $10,000, (ii) the amounts contributed by Popular to the Savings and Investment Plan, (iii) the imputed cost of coverage in excess of $50,000 for group-term life insurance, and (iv) the change in value of the retiree medical insurance coverage. The contribution to the USA Savings and Investment Plan for Mr. Chinea was $13,800. The imputed cost to Mr. Alvarez coverage in excess of $50,000 for group-term life insurance was $14,478. The change in value of the retiree medical insurance coverage for Mr. Vázquez was $29,620. The amount reported in the “All Other Compensation” column for Mr. Vázquez also reflects $256,000, which corresponds to the monthly fee of $32,000 that Mr. Vázquez received during 2024 under the CFO Service Agreement described in the section titled “CFO Service Agreement” of this CD&A. |

To the extent that an individual’s aggregate amount of perquisites received is less than $10,000,