Company: BPOPM
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010189
Chunk: 72

Company: POPULAR, INC.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 72
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 made by participants in a slate of investment options available under the plan. As such, said earnings are not included as compensation in the Summary Compensation Table. |

| (c) | Amounts reported in this column were reported in the Salary column of the Summary Compensation Table of pervious years or in the Aggregate Earnings in the Last FY column of the Non-Qualified Deferred Compensation table of previous years. |

Puerto Rico Nonqualified Deferred Compensation Plan. The Popular, Inc. Puerto Rico Nonqualified Deferred Compensation Plan allows certain management or highly compensated Puerto Rico-based employees to defer receipt of a portion of their annual cash compensation in excess of the amounts allowed to be deferred under the Popular, Inc. Puerto Rico Savings and Investment Plan. Participants are fully vested in their deferrals at all times. The plan is not tax-qualified and is unfunded. Benefits are normally distributed upon termination of employment, death or disability. Withdrawals during participant’s service are allowed due to financial hardship and post-secondary education. During 2024, Messrs. Alvarez, Vázquez, and Ferrer participated in this plan. Popular North America, Inc. Deferral Plan. The Popular North America, Inc. (“PNA”) Deferral Plan is an unfunded plan of deferred compensation for a select group of management or highly compensated employees of PNA or its subsidiaries. Under this plan, participants may elect to defer a portion of their annual cash compensation. The PNA Deferral Plan is not tax-qualified and is unfunded. Benefits are normally distributed upon termination of employment, death or disability. Withdrawals during participant’s service are allowed due to financial hardship and post-secondary education. During 2024, Mr. Chinea participated in this plan. The Puerto Rico and North America deferral plans maintain irrevocable “rabbi” trusts as a source of funds for payment of deferred compensation obligations to participants. Potential Payments Upon Termination or Change In Control No Employment or Change in Control Agreements; No Gross-ups. The Corporation does not have any employment or change in control agreements with our NEOs and does not provide for any tax gross-ups. Please refer to the sections titled “Former CFO Service Agreement” and “CEO Retirement and Service and Award Agreements” for information regarding post-retirement agreements entered into by Mr. Vázquez and Mr. Alvarez, respectively. 2020 Omnibus Plan. On May 12, 2020, the shareholders of the Corporation adopted the Popular, Inc. 2020 Omnibus Incentive Plan (the