Company: BPOPM
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010189
Chunk: 80

Company: POPULAR, INC.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 80
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Relation Between “Compensation Actually Paid” and Performance Measures We believe the Pay versus Performance table above shows the alignment between compensation actually paid to the NEOs and the Corporation’s performance, consistent with our compensation philosophy cited in our CD&A section titled “Highlights of Our 2024 Executive Compensation Program and Pay Decisions”. In particular, a large portion of the NEOs’ compensation is dependent on TSR performance, and the value of compensation increased when our TSR performance increased but declined when our TSR performance declined.

EXECUTIVE AND DIRECTOR COMPENSATION | 73

TABLE OF CONTENTS Compensation Actually Paid vs. TSR The graph below compares the Corporation's cumulative TSR to that of the Nasdaq Bank Index, assuming an initial $100 investment on December 31, 2019 and the value at the end of 2020, 2021, 2022, 2023 and 2024, based on the respective stock prices and reinvestment of dividends. In addition, the graph below describes the 5-year (2020-2024) relationship between the CEO and other Non-CEO NEOs compensation actually paid and the Corporation’s TSR. Compensation Actually Paid vs. Net Income The graph below describes the 5-year (2020-2024) relationship between the CEO’s and other Non-CEO NEOs’ compensation actually paid and the Corporation’s net income. 74 | 2025 POPULAR, INC. PROXY STATEMENT

TABLE OF CONTENTS

Compensation Actually Paid vs. ROATCE (adjusted) The graph below describes the 5-year (2020-2024) relationship between the CEO’s and other Non-CEO NEOs’ compensation actually paid and the Corporation’s adjusted ROATCE. The following were the most important financial performance measures, as determined by the Corporation, that link compensation actually paid to our CEO and Non-CEO NEOs to the Corporation’s performance for the most recently completed fiscal year:

| Most Important Performance Measures                         |
| Net Income                                                  |
| Total Shareholder Return (TSR)                              |
| Return on Average Tangible Common Equity(ROATCE – adjusted) |

EXECUTIVE AND DIRECTOR COMPENSATION | 75

TABLE OF CONTENTS

Compensation of Non-Employee Directors Compensation of Directors 2024 Compensation Program The following table summarizes the compensation program for non-management directors in effect during 2024:

| Compensation                                                                             |     |   Amount |
| Equity Grant                                                                             |     | $125,000 |
| Retainer                                                                                 |     |