secwatch.observer — SEC 8-K summary
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Issuer:     POPULAR, INC. (BPOP)
CIK:        0000763901
Form:       8-K
Filed at:   2026-07-23T12:08:30+00:00
Accession:  0001193125-26-313373
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Popular CEO Javier D. Ferrer to retire; Jorge J. García named successor
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- Javier D. Ferrer retires as President and CEO effective Aug 31, 2026; will serve as consultant for 12 months at $100k/month.
- Jorge J. García, current EVP and CFO, appointed President and CEO effective Sept 1, 2026; also joins Board.
- Lidio V. Soriano, EVP and CRO, appointed EVP and CFO; Luis F. Sousa appointed EVP and CRO, both effective Sept 1.
- Ferrer receives prorated STI of $1.62M and $2.6M equity award with one-year vest; subject to non-compete and non-solicit.
- Ferrer resigns from Board; García appointed to Board effective Sept 1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763901/000119312526313373/0001193125-26-313373-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763901/000119312526313373/d863137d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-313373

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer