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AI brief of an SEC Form 8-K · POPULAR, INC. (BPOP)

Popular names Jorge J. García CEO and Lidio V. Soriano CFO, effective September 1, 2026

Neutral Impact 4 of 5 leadership Written later

Popular, Inc. has set compensation for its new President and Chief Executive Officer, Jorge J. García, and its new Executive Vice President and Chief Financial Officer, Lidio V. Soriano, with both appointments effective September 1, 2026. The filing shows a $1,150,000 base salary for García and a $670,000 base salary for Soriano, plus a one-time $977,833 restricted stock award to García, which is a fixed cost for shareholders to note in the company's executive pay.

Key points

  • Jorge J. García: base salary $1,150,000; target short-term cash incentive 135% of salary; target long-term equity incentive 325% of salary
  • García received a one-time Promotion Award of $977,833 in restricted stock, granted August 19, 2026
  • Lidio V. Soriano: base salary $670,000; target short-term cash incentive 80% of salary; target long-term equity incentive 120% of salary

The filing

CompanyPOPULAR, INC. (BPOP)
Form8-K, current report
Filed with the SECAug 20, 2026, 2:26 PM ET
Accession number0001193125-26-359008

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 20, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.