Company: BPOPM
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010189
Chunk: 31

Company: POPULAR, INC.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 31
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TABLE OF CONTENTS

Lidio V. Soriano

| Executive Vice President and Chief Risk Officer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
 Corporate Risk Management Group                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
 Mr. Soriano, age 56, has been the Executive Vice President and Chief Risk Officer of Popular since August 2011 and a Director of Popular Bank since October 2014. He served as a Director of BPPR from October 2014 to September 2019. Prior to joining Popular, Mr. Soriano served for 17 years as Chief Financial Officer, Head of Retail Bank and Mortgage Operations, Head of Commercial and Construction Mortgage and Head of Interest Rate Risk, among other positions, for other banks. He has been a member of the Board of Directors of the Puerto Rican League Against Cancer since August 2018. |

40 | 2025 POPULAR, INC. PROXY STATEMENT

TABLE OF CONTENTS Certain Relationships and Transactions We may be party to transactions, arrangements or relationships with our directors, director nominees, executive officers, shareholders owning more than 5% of the Corporation’s voting securities, or their immediate family members (each, a “Related Party”). We have adopted a written Policy on Related Party Transactions (the “Related Party Policy”) to identify and evaluate potential conflicts of interest, independence factors and disclosure obligations arising out of transactions, arrangements or relationships between Related Parties and us. Transactions covered by the Related Party Policy may also be subject to restrictions pursuant to the Federal Reserve Board’s regulation on Loans to Executive Officers, Directors, and Principal Shareholders of Member Banks (Regulation O), which is the subject of a separate policy. Our Policy on Related Party Transactions The Related Party Policy governs the review, approval or ratification of transactions, arrangements or relationships: (i) in which Popular or any of its subsidiaries is a participant; (ii) the aggregate amount involved will or may be expected to exceed $120,000; and (iii) a Related Party has or will have a direct or indirect material interest. These transactions must be submitted to the Audit Committee for their review, evaluation and approval, unless pre-approved under the Related Party Policy. Directors and executive officers must notify Popular’s Chief Legal Officer (“CLO”) of any transaction with a related party in which they, or their immediate family members, have a material interest. Any unit or division proposing a transaction with a related party must also notify the CLO, the Corporate Comptroller and the General Auditor by completing a Related Party Transaction Request Form. After review by the C