Company: BPOPM
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001140361-25-010189
Chunk: 89

Company: POPULAR, INC.
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 89
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,881,218 shares of Popular’s common stock and shared dispositive power with respect to 112,684 shares of Popular’s common stock. |

| (3) | Based solely on information contained in a Schedule 13G/A filed with the SEC on February 9, 2024 by Dimensional Fund Advisors LP reflecting its common stock holdings as of December 29, 2023. Dimensional Fund Advisors LP indicates that it has sole voting power with respect to 4,058,602 shares of Popular’s common stock, no shared voting power with respect to any shares of Popular’s common stock, sole dispositive power with respect to 4,108,821 shares of Popular’s common stock and no shared dispositive power with respect to any shares of Popular’s common stock. |

| (4) | Based solely on information contained in a Schedule 13G filed with the SEC on November 14, 2024 by T. Rowe Price Associates, Inc. reflecting its common stock holdings as of September 30, 2024. T. Rowe Price Associates, Inc. indicates that it has sole voting power with respect to 3,934,207 shares of Popular’s common stock, no shared voting power with respect to any shares of Popular’s common stock, sole dispositive power with respect to 3,991,702 shares of Popular’s common stock and no shared dispositive power with respect to any shares of Popular’s common stock. |

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT | 81

TABLE OF CONTENTS V Proposals

TABLE OF CONTENTS

Proposal 1: Election of Directors Popular’s Restated Certificate of Incorporation (the “Certificate of Incorporation”) establishes that our Board of Directors shall be composed of such number of directors as established from time to time by the Board and approved by an absolute majority of directors, but not less than 7 nor more than 15. On February 25, 2025, Ignacio 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 effective June 30, 2025. Additionally, on February 25, 2025, John W. Diercksen informed the Corporate Governance and Nominating Committee of the Board of his decision not to