Company: BPOPM
Filing Date: 2025-06-25
Form Type: 11-K
Source: 0001193125-25-147021
Chunk: 10

Company: POPULAR, INC.
Filing Date: 2025-06-25
Form: 11-K
Chunk 10
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2 quoted pricing inputs which are used to determine the unit value of the PSA which is not publicly quoted. These PSAs are classified as Level 2, except for the Principal U.S.
Property SEP Account which is an investment in a real estate fund that measures fair value on a recurring basis based on the NAV of the underlying assets, using the practical expedient. The redemption frequency of each of these PSA is daily, and
there are no redemption restrictions. There are no unfunded commitments related to the Plan’s investment in PSAs.

9

Popular, Inc. U.S.A. 401(k) Savings and Investment Plan Notes to Financial Statements December 31, 2024 and 2023 Popular, Inc. Common Stock:Equity securities with quoted market prices obtained from an active exchange market are classified as Level 1. The preceding methods may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. The following tables set forth by level, within the fair value hierarchy, the Plan’s net assets at fair value as of December 31, 2024 and 2023. Investments measured at net asset value per share as a practical expedient have not been classified in the fair value hierarchy but are presented in order to permit reconciliation of the plan’s assets.

|                             |     | Assets at Fair Value as of December 31, 2024 |            |     |         |             |     |         |   |     |             |           |     |       |             |
|:----------------------------|:----|:---------------------------------------------|-----------:|:----|:--------|------------:|:----|:--------|:--|:----|:------------|----------:|:----|:------|------------:|
|                             |     | Level 1                                      |            |     | Level 2 |             |     | Level 3 |   |     | Measured at 
 NAV         |           |     | Total |             |
| Collective Investment Trust |     | $                                            |          — |     | $       |           — |     | $       | — |     | $           | 8,574,684 |     | $     |   8,574,684 |
| Mutual Funds                |