SEC Contract Filing

Filing Date: 2025-05-12

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>d936763dex102.htm
<DESCRIPTION>EX-10.2
<TEXT>
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<TITLE>EX-10.2</TITLE>
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<div id="a1" style="position:absolute;font-family:&apos;Arial&apos;;font-size:10.64px;left:405.07px;top:981.79px;">1
</div><div id="a5" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:289.95px;top:143.57px;">EQUITY
AWARD<div style="display:inline-block;width:6.06px">&#160;</div>AGREEMENT</div><div id="a9" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:151.23px;top:172.37px;">This
AWARD<div style="display:inline-block;width:6.51px">&#160;</div>AGREEMENT (&#8220;Agreement&#8221;) is made and<div style="display:inline-block;width:4.86px">&#160;</div>entered into by
and<div style="display:inline-block;width:4.76px">&#160;</div>between Ignacio Alvarez </div><div id="a11" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:103.2px;top:188.96px;">(&#8220;Executive&#8221;) and Popular, Inc. (the
&#8220;Corporation&#8221;) as of February 25,
2025.</div><div id="a17" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:151.23px;top:232.4px;">WHEREAS</div><div id="a18" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:219.47px;top:232.4px;">,
 Executive is currently employed by the Corporation as Chief Executive
Officer;</div><div id="a22" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:151.23px;top:259.6px;">WHEREAS,</div><div id="a23" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:222.83px;top:259.6px;">
<div style="display:inline-block;width:4.16px">&#160;</div>Executive has<div style="display:inline-block;width:5.04px">&#160;</div>decided to<div style="display:inline-block;width:5.05px">&#160;</div>voluntarily
retire<div style="display:inline-block;width:4.97px">&#160;</div>from the<div style="display:inline-block;width:5.17px">&#160;</div>Corporation effective<div style="display:inline-block;width:5.14px">&#160;</div>June
30,<div style="display:inline-block;width:5.07px">&#160;</div>2025;
</div><div id="a25" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:103.2px;top:276.16px;">and</div><div id="a27" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:151.23px;top:303.36px;">WHEREAS,
</div><div id="a28" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:222.75px;top:303.36px;"><div style="display:inline-block;width:5.04px">&#160;</div>in<div style="display:inline-block;width:5.05px">&#160;
</div>connection<div style="display:inline-block;width:4.83px">&#160;</div>with<div style="display:inline-block;width:5.05px">&#160;</div>the<div style="display:inline-block;width:4.88px">&#160;
</div>2024<div style="display:inline-block;width:4.96px">&#160;</div>performance<div style="display:inline-block;width:4.9px">&#160;</div>year,<div style="display:inline-block;width:5.57px">&#160;
</div>the<div style="display:inline-block;width:4.96px">&#160;</div>Corporation,<div style="display:inline-block;width:4.9px">&#160;</div>through<div style="display:inline-block;width:4.84px">&#160;
</div>the<div style="display:inline-block;width:5.04px">&#160;</div>Talent<div style="display:inline-block;width:5.85px">&#160;</div>and
</div><div id="a30" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:103.2px;top:319.92px;">Compensation Committee<div style="display:inline-block;width:4.9px">&#160;</div>of
the<div style="display:inline-block;width:5.05px">&#160;</div>Board of<div style="display:inline-block;width:5.04px">&#160;</div>Directors of<div style="display:inline-block;width:5.1px">&#160;</div>the
Corporation<div style="display:inline-block;width:4.82px">&#160;</div>(the &#8220;Committee&#8221;),<div style="display:inline-block;width:4.95px">&#160;</div>has decided<div style="display:inline-block;width:5.07px">&#160;</div>to grant
</div><div id="a31" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:103.2px;top:336.48px;">Executive the equity award set forth in this Agreement;
and</div><div id="a33" style="position:absolute;font-family:&apos;Times Ne