{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-037646","form_type":"8-K","ticker":"BPOP","cik":"0000763901","company_name":"POPULAR, INC.","filed_at":"2025-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.298664+00:00","generated_at":"2026-05-26T02:52:09.543610+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Popular Inc. CEO Ignacio Alvarez to retire June 30, 2025; Javier Ferrer appointed successor from July 1","bullets":["CEO Ignacio Alvarez retires effective June 30, 2025; will provide consulting for 6 months at $47k/month.","Javier Ferrer, current President & COO, appointed President and CEO effective July 1, 2025.","Ferrer's base salary set at $1.05M; eligible for 135% short-term cash incentive and 300% long-term equity.","Board size reduced from 13 to 11 directors after Alvarez and Diercksen not standing for re-election at May 2025 annual meeting."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-037646","json":"https://secwatch.observer/filing/0001193125-25-037646.json","markdown":"https://secwatch.observer/filing/0001193125-25-037646.md","text":"https://secwatch.observer/filing/0001193125-25-037646.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/763901/000119312525037646/0001193125-25-037646-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/763901/000119312525037646/d886688d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T02:52:09.543610+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"586a70a8b5","claim":"Ignacio Alvarez retired as Chief Executive Officer at POPULAR, INC..","evidence_excerpt":"On February 25, 2025, Ignacio Alvarez announced his retirement as Chief Executive Officer (“CEO”) of Popular, Inc. (“Popular” or the “Corporation”), effective June 30, 2025 (the “Retirement Date”).","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/763901/000119312525037646/0001193125-25-037646-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retired"},{"label":"Role","value":"Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}