Company: BPOPM
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010189
Chunk: 45

Company: POPULAR, INC.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 45
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 |     |        138% |     |                         94% |     | $1,438,942 |
| Jorge J. García   |     |                 66 |     |     67 |     |         107 |     |         125 |     |                          91 |     |    382,173 |
| Carlos J. Vázquez |     |                  − |     |      − |     |           − |     |           − |     |                         100 |     |    153,000 |
| Javier D. Ferrer  |     |                 66 |     |     67 |     |         107 |     |         140 |     |                          95 |     |    598,267 |
| Lidio V. Soriano  |     |                 66 |     |     67 |     |         107 |     |         125 |     |                          91 |     |    429,107 |
| Manuel Chinea     |     |                 66 |     |     67 |     |         107 |     |          98 |     |                          84 |     |    380,132 |

| (a) | Total target awards as a percentage of base salary for 2024 were 135% for Mr. Alvarez and 80% for the other NEOs. |

| (b) | 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. |

| (d) | Note that the percentages shown in the above table are rounded to the nearest whole percentage point. |

EXECUTIVE AND DIRECTOR COMPENSATION | 51

TABLE OF CONTENTS Corporate Performance Corporate Net Income During 2024, Popular delivered results that reflect the strength of our franchise and the continued stability of Puerto Rico’s economy. The Corporation’s results reflected higher revenues, solid loan growth through multiple sectors, stable credit quality and continued customer growth. We have also reached important milestones, showcasing significant progress in our Transformation and quickly building a new cultural framework and improving customer service for long-term benefits. Popular’s GAAP net income for 2024 was $614.2 million, compared to $541.3 million