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Popular Executive Compensation (FY25)

BPOP · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 11, 2026
229 figures on this page: 221 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Javier Ferrer, President and Chief Executive Officer, received $4,825,287 in total compensation for fiscal 2025, and Ferrer's total was 76.5% higher than the $2,734,293 reported for fiscal 2024. The disclosed chief executive pay ratio for fiscal 2025 is 102:1, against median employee compensation of $55,618. For fiscal 2025, shareholders backed the say-on-pay proposal with 97.5% of votes cast for or against in favor at the meeting held May 8, 2026. The disclosed peer group names BOK FINANCIAL CORP, CADENCE BANK, COMERICA INCORPORATED, CULLEN/FROST BANKERS INC. and EAST WEST BANCORP INC., among others.
Chief executive, fiscal 2025
◇
Javier Ferrer
Median of the other named officers
$1,947,232
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 8, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Javier Ferrer: $2,734,293 → $4,825,287 (76.5% higher)
Say-on-pay support: 98.0% → 97.5% (0.5 points lower)
CEO pay ratio: 129:1 → 102:1 (20.9% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Popular's chief executive and what were they paid?
Javier Ferrer, President and Chief Executive Officer, received $4,825,287 in total compensation for fiscal 2025. Ferrer's total was 76.5% higher than the $2,734,293 reported for fiscal 2024.
What was Popular's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 97.5% of votes cast for or against in favor at the meeting held May 8, 2026.
Which companies are in Popular's peer group?
The disclosed peer group names BOK FINANCIAL CORP, CADENCE BANK, COMERICA INCORPORATED, CULLEN/FROST BANKERS INC. and EAST WEST BANCORP INC., among others.
What is Popular's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 102:1, against median employee compensation of $55,618.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ignacio Alvarez
Former Chief Executive Officer
◇◇◇—◇—◇◇
Javier Ferrer
President and Chief Executive Officer
◇◇◇—◇—◇◇
Lidio Soriano
Executive Vice President and Chief Risk Officer
◇◇◇—◇—◇◇
Manuel Chinea
Executive Vice President and Chief Operating Officer Popular Bank
◇—◇—◇◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ignacio Alvarez
Chief Executive Officer
◇◇◇—◇—◇◇
Javier Ferrer
President and Chief Operating Officer
◇◇◇—◇—◇◇
Lidio Soriano
Executive Vice President and Chief Risk Officer
◇◇◇—◇—◇◇
Jorge García
Executive Vice President and Chief Financial Officer
◇◇◇—◇—◇◇
Manuel Chinea
Executive Vice President, Chief Operating Officer of Popular Bank
◇—◇—◇—◇◇
Carlos Vázquez
Former Executive Vice President and Chief Financial Officer
Departed during or after this year
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ignacio Alvarez
Former Chief Executive Officer
Departed during or after this year
◇◇◇—◇—◇◇
Javier Ferrer
President and Chief Executive Officer
◇◇◇—◇—◇◇
Jorge García
Executive Vice President and Chief Financial Officer
◇◇◇—◇—◇◇
Lidio Soriano
Executive Vice President and Chief Risk Officer
◇◇◇—◇—◇◇
Manuel Chinea
Executive Vice President, Chief Operating Officer of Popular Bank
◇—◇—◇◇◇◇
Camille Burckhart
Executive Vice President, Chief Information and Digital Strategy Officer
◇◇◇—◇◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Camille BurckhartRSA———◇——◇
Camille BurckhartPSA—◇◇—◇—◇
Ignacio AlvarezRSA———◇——◇
Ignacio AlvarezRSA———◇——◇
Javier D. FerrerPSA—◇◇—◇—◇
Javier D. FerrerRSA———◇——◇
Javier D. FerrerRSA———◇——◇
Jorge J. GarcPSA—— withheld◇—◇—◇
Jorge J. GarcRSA———◇——◇
Lidio V. SorianoPSA—◇◇—◇—◇
Lidio V. SorianoRSA———◇——◇
Manuel ChineaPSA—◇◇—◇—◇
Manuel ChineaRSA———◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jorge GarcíaRSU◇◇——
PSU◇◇——
Manuel ChineaRSU◇◇——
PSU◇◇——
Camille BurckhartRSU◇◇——
PSU◇◇——
Lidio SorianoRSU◇◇——
PSU◇◇——
Javier FerrerRSU◇◇——
PSU◇◇——
Ignacio AlvarezPSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard L. Carrión
Board chair
◇◇———◇◇
María Luisa Ferré
Lead independent director
◇◇————◇
C. Kim Goodwin
◇◇————◇
José R. Rodríguez
—◇————◇
Robert Carrady
—◇————◇
Carlos A. Unanue
—◇————◇
Alejandro M. Ballester
◇◇————◇
Myrna M. Soto
◇◇————◇
Bertil E. Chappuis
—◇————◇
Betty DeVita
◇◇————◇
Alejandro M. Sánchez
◇◇————◇
John W. Diercksen
—◇————◇
Javier D. Ferrer served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual retainer

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • BOK FINANCIAL CORP BOKF
  • CADENCE BANK CADE
  • COMERICA INCORPORATED CMA
  • CULLEN/FROST BANKERS INC. CFR
  • EAST WEST BANCORP INC. EWBC
  • F.N.B. CORPORATION FNB
  • FIRST HORIZON CORPORATION FHN
  • HUNTINGTON BANCSHARES INCORPORATED HBAN
  • OLD NATIONAL BANCORP ONB
  • REGIONS FINANCIAL CORPORATION RF
  • SouthState Corporation SSB
  • SYNOVUS FINANCIAL CORP SNV
  • VALLEY NATIONAL BANCORP VLY
  • WEBSTER FINANCIAL CORPORATION WBS
  • WESTERN ALLIANCE BANCORPORATION WAL
  • WINTRUST FINANCIAL CORPORATION WTFC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 8, 2026=◇◇◇
2024May 8, 2025=◇◇◇
2023May 9, 2024=◇◇◇
2022May 11, 2023=◇◇◇
2021May 12, 2022=◇◇◇
2020May 6, 2021=◇◇◇
2019May 12, 2020=◇◇◇
2018May 7, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Popular disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Popular sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
229 figures on this page: 221 cited to the filing that reported them, 8 calculated from figures it prints.
221 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001193125-26-217109
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  2. 0001140361-26-010858
    2025 Grants of Plan-Based Awards · 2025 Non-Employee Director Summary Compensation Table · 2025 Outstanding Equity Awards at Fiscal Year End · 2025 Summary Compensation Table · and 2 more sections
  3. 0001193125-25-117614
    Item 5.07. Submission of Matters to a Vote of Security Holders.
  4. 0001140361-25-010189
    2024 Summary Compensation Table
  5. 0001193125-24-135771
  6. 0001140361-24-015485
    2023 Summary Compensation Table
  7. 0001193125-23-145028
  8. 0001193125-22-151077
  9. 0001193125-21-156359
  10. 0001193125-20-142914
  11. 0001193125-19-141151
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Popular executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/BPOP (accessed 2026).
Short form: data: Velarion
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Popular discloses

The companies named in BPOP's own disclosed peer group.

BOK FINANCIAL CORPCOMERICA INCORPORATEDCULLEN/FROST BANKERS INC.EAST WEST BANCORP INC.F.N.B. CORPORATIONFIRST HORIZON CORPORATIONHUNTINGTON BANCSHARES INCORPORATEDOLD NATIONAL BANCORPREGIONS FINANCIAL CORPORATIONSouthState CorporationSYNOVUS FINANCIAL CORPVALLEY NATIONAL BANCORPWEBSTER FINANCIAL CORPORATIONWESTERN ALLIANCE BANCORPORATIONWINTRUST FINANCIAL CORPORATION

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy