secwatch.observer — SEC 8-K summary
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Issuer:     POPULAR, INC. (BPOP)
CIK:        0000763901
Form:       8-K
Filed at:   2026-08-20T18:26:27+00:00
Accession:  0001193125-26-359008
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

García promoted to CEO, Soriano to CFO at Popular effective Sept 1; comp approved
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- Jorge J. García becomes President & CEO effective Sept 1, 2026; base salary $1,150,000, STI target 135% of base, LTI 325%.
- One-time promotion equity award of $977,833 in restricted stock granted Aug 19, 2026, based on pro-rated LTI for four months.
- Lidio V. Soriano becomes EVP & CFO effective Sept 1, 2026; base salary $670,000, STI target 80%, LTI 120%.
- Appointments were announced July 23, 2026; compensation approved by Talent and Compensation Committee Aug 19, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763901/000119312526359008/0001193125-26-359008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763901/000119312526359008/d26601d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-359008

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