Company: BPOPM
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010189
Chunk: 87

Company: POPULAR, INC.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 87
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338,987 shares of common stock outstanding. |

| (3) | Includes 355 shares owned by Mr. Ballester’s son. |

| (4) | Includes 2,750 shares owned by Plaza Escorial Cinemas Corp. in which Mr. Carrady has an ownership interest of 62.5%. |

| (5) | Mr. Carrión has approximately a 22.014% ownership interest in Junior Investment Corporation, a family investment vehicle, which owns 338,275 shares, of which 74,467 are included in the table as part of Mr. Carrión’s holdings. |

80 | 2025 POPULAR, INC. PROXY STATEMENT

TABLE OF CONTENTS

| (6) | On February 25, 2025, Mr. Diercksen informed the Corporate Governance and Nominating Committee of the Board of his decision not to stand for re-election to the Corporation’s Board upon the expiration of his current term, which expires at the Corporation’s 2025 Annual Meeting of Shareholders, after having reached the mandatory director retirement age contemplated in the Corporation’s Corporate Governance Guidelines. |

| (7) | Includes 13,541 shares owned by The Luis A. Ferré Foundation, over which Ms. Ferré has indirect investment and voting power. |

| (8) | Includes 75,731 shares held by Mr. Unanue’s mother, over which Mr. Unanue disclaims beneficial ownership. |

| (9) | On February 25, 2025, Mr. Alvarez announced his retirement as Chief Executive Officer of Popular, effective June 30, 2025. |

| (10) | Includes 8,304 shares owned by Mr. Alvarez’s son over which he disclaims beneficial ownership. |

| (11) | Includes 1,167 shares owned by Mr. Ferrer’s wife over which he disclaims beneficial ownership. |

| (12) | On March 31, 2024, Mr. Vázquez retired as Executive Vice President and Chief Financial Officer of Popular. |

| (13) | Reflects the shares beneficially owned by Mr. Vázquez as of March 31, 2024, the date of Mr. Vázquez retirement. Includes 468 shares held by a family member, over which Mr. Vázquez has investment authority. |

| (14) | Includes 3,335 shares of phantom stock. Each share of phantom stock is the economic equivalent