Company: BPOPM
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010189
Chunk: 18

Company: POPULAR, INC.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 18
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 listing standards applicable to Popular. A copy of the Insider Trading Policy and Procedures are included as Exhibit 19.1 in our Annual Report on Form 10-K filed with the SEC on March 3, 2025. DIRECTOR EXPERIENCE, SKILLS AND DEMOGRAPHICS The Corporate Governance and Nominating Committee does not have a specific diversity policy with respect to the director nomination process. Rather, the committee considers diversity in the broader sense of how a candidate’s viewpoints, experience, skills, background and other demographics could assist the Board in light

CORPORATE GOVERNANCE DIRECTORS AND EXECUTIVE OFFICERS | 21

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of the Board’s composition at the time. The Board believes that each director contributes to the overall diversity by providing a variety of personal and professional experiences and backgrounds. The Board believes that, as shown below, the current directors and nominees reflect a broad diversity of background, skills, experiences and other demographic. BOARD OF DIRECTORS EXPERIENCE AND SKILLS

| (1) | On February 25, 2025, Mr. Alvarez announced his retirement as Chief Executive Officer of the Corporation, effective June 30, 2025. On that same day, Mr. Alvarez 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, as a result of his voluntary retirement as CEO of the Corporation. |

| (2) | 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. |

22 | 2025 POPULAR, INC. PROXY STATEMENT

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Nomination of Directors The Corporate Governance and Nominating Committee Charter provides that, in nominating candidates, the Committee will take into consideration such factors as it deems appropriate, which may include judgment, skills, diversity, experience with business and other organizations, the interplay of the candidate’s experience with the experience of the existing Board members, and the extent to which the candidate would be a desirable addition to the Board and any committees of the Board. The Corporate