Ignacio Alvarez compensation by year
POPULAR Summary Compensation Table · all 10 fiscal years held| Component | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Salary | $742,500 | $807,500 | $1,013,231 | $1,102,800 | $1,100,000 | $1,100,000 | $1,125,385 | $1,130,000 | $1,130,000 | $634,538 |
| Bonus | $29,822 | $37,535 | $45,833 | $45,833 | $45,833 | $45,833 | $47,083 | $47,083 | $47,083 | $600 |
| Stock awards | $804,375 | $1,145,670 | $1,665,000 | $2,475,000 | $2,640,000 | $2,420,000 | $3,022,051 | $3,081,501 | $3,491,878 | $5,085,000 |
| Option awards | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Non-equity incentive | $845,155 | $831,387 | $1,652,800 | $1,453,920 | $1,030,370 | $1,496,710 | $2,093,300 | $1,466,740 | $1,438,942 | $1,029,041 |
| Pension and deferred compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| All other | $15,130 | $40,846 | $40,699 | $57,846 | $15,774 | $29,086 | $35,889 | $43,120 | $50,507 | $313,805 |
| Total | $2,436,982 | $2,862,938 | $4,417,563 | $5,135,399 | $4,831,977 | $5,091,629 | $6,323,708 | $5,768,444 | $6,158,410 | $7,062,984 |
Each year as stated in that year's proxy. A dash means the company reported no figure in that column. Source: POPULAR, INC. DEF 14A filed March 24, 2026, accession 0001140361-26-010858, and prior-year filings. Open the filing on EDGAR.
How this page was built: the POPULAR, INC. filed document, accession 0001140361-26-010858. Every figure is read from that document and cited to the page and table it appears in. Filed March 24, 2026.
Equity holdings
unvested awards at FY2025 year-end| Type | Unvested units | Value at year-end | Exercise price |
|---|---|---|---|
| RSU | 72,808 | $9,066,052 | — |
| PSU | 30,459 | $3,792,755 | — |
Per the Outstanding Equity Awards at Fiscal Year-End table in POPULAR, INC.'s FY2025 proxy; value at the fiscal year-end close, as the company printed it.
Change-in-control & termination
estimated payments POPULAR discloses, by trigger · FY2024| Trigger | Cash severance | Accelerated equity | Benefits continuation | Total as disclosed |
|---|---|---|---|---|
| Disability | — | $12,473,014 | — | $12,473,014 |
| Change in control, no termination | — | $12,473,014 | — | $12,473,014 |
| Retirement | — | $8,557,861 | — | $8,557,861 |
| Death | — | $12,473,014 | — | $12,473,014 |
| Change in control and involuntary termination | — | $12,473,014 | — | $12,473,014 |
| Voluntary resignation | — | $8,557,861 | — | $8,557,861 |
| Involuntary for cause | — | $0 | — | $0 |
| Involuntary termination without cause | — | $10,531,302 | — | $10,531,302 |
Per the Potential Payments Upon Termination or Change in Control table in POPULAR, INC.'s FY2024 proxy. Estimates as the company printed them; a dash means it printed no figure.
POPULAR’s named executive officers, FY2025
as the company reported each| Named executive officer | Role | FY2025 total |
|---|---|---|
| Ignacio Alvarez · this page | Former Chief Executive Officer | $7,062,984 |
| Javier Ferrer | President and Chief Executive Officer | $4,825,287 |
| Jorge García | Executive Vice President and Chief Financial Officer | $1,994,953 |
| Lidio Soriano | Executive Vice President and Chief Risk Officer | $1,947,232 |
| Manuel Chinea | Executive Vice President and Chief Operating Officer Popular Bank | $1,770,388 |
| Camille Burckhart | Executive Vice President, Chief Information and Digital Strategy Officer | $1,726,665 |
Board service
POPULAR board · FY2023How this board is paid
Company policy: POPULAR pays directors a $75,000 cash retainer and $125,000 in equity. As stated in POPULAR's FY2023 proxy.
Ignacio Alvarez's compensation dossier, POPULAR
You have read Ignacio Alvarez's totals and holdings. The dossier adds each equity grant POPULAR disclosed for Ignacio Alvarez and POPULAR's own disclosed peer group, where the company discloses them, with every row in a PDF and a CSV cited to its filing.
See an example →The full POPULAR compensation record
free company briefThis page is one person within POPULAR's record. The company brief lists every named executive, each linking to their own page.
Peer companies
named in the POPULAR proxy · each links to its own free briefCompensation, the day it’s disclosed
The CompBrief Daily Digest lists the newest executive and director compensation disclosures as companies file them. Or order POPULAR's full Executive Compensation Report with peer benchmarking.
How this record is built
Every figure on this page is one figure from a public SEC filing, printed as the filing states it and cited to the document. Compensation totals are POPULAR's own disclosed totals, not summed by Velarion. Insider transactions are read from Form 4 filings and cover every line filed since the most recent proxy. Nothing is estimated by Velarion; where the company does not disclose a value the cell reads "—", and a section appears only where the company discloses the data. Corrections: records@velarion.ai.
Order BPOP
Add the email the receipt and the PDF go to, then press the report you want. Each button opens its own card payment on Stripe.