Company: BPOPM
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010189
Chunk: 62

Company: POPULAR, INC.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 62
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 which covered absolute levels and year-over-year changes in number of participants and incentive award payouts, trends in customer claims and complaints, and an in-depth review of specific plans in multiple sales and support EXECUTIVE AND DIRECTOR COMPENSATION | 61 TABLE OF CONTENTS divisions. The review encompassed sales practices and the reinforcing framework of incentives, policies and procedures, monitoring and controls, customer inquiries/complaints, employee training, and feedback mechanisms. Based on the review, the CRO did not identify any incentive plans or sales practices that would encourage employees to take unnecessary or excessive risks. The compensation programs are designed to adequately balance risks and rewards through: appropriate use of base salary, short-term incentives (cash) and long-term incentives (stock); thresholds and caps to limit payouts; mix of financial and non-financial components; link to company performance; and competitive pay practices. Furthermore, an executive’s incentive payout may be adjusted by the Committee at its discretion if results are not aligned with Popular’s risk appetite. The Committee will continue to monitor our compensation programs to ensure that they do not promote improper sales practices or inappropriate risk-taking, and that they comply with current and emerging regulations and industry leading practices. Report of the Talent and Compensation Committee The Talent and Compensation Committee has reviewed and discussed the Compensation Discussion and Analysis with management and recommended to the Board that it be included in this Proxy Statement. Respectfully submitted, The Talent and Compensation Committee Alejandro M. Ballester, Chair Robert Carrady Betty DeVita John W. Diercksen Alejandro M. Sánchez Carlos A. Unanue 62 | 2025 POPULAR, INC. PROXY STATEMENT

TABLE OF CONTENTS

2024 Executive Compensation Tables and Compensation Information 2024 Summary Compensation Table The following table summarizes the compensation of our NEOs for the year ended December 31, 2024, which reflects the full year of the equity (stock) and non-equity (cash) components of our current executive compensation program for our NEOs.

| Name And                                  
 Principal Position                        |     |      Year |     |      Salary 
         (a) |     |     Bonus 
       (b) |     |       Stock 
      Awards 
         (c) |     |     Non-Equity 
 Incentive Plan 
   Compensation 
            (d) |     |     Change in 
 Pension Value 
           and 
  Nonqualified 
      Deferred 
  Compensation 
      Earnings 
           (e) |     |    All Other 
 Compensation