Ignacio Alvarez received $6.2M in total compensation as President and Chief Executive Officer of POPULAR, INC. in FY2024. The largest component was $3.5M in stock awards. That’s up 7% from FY2023. Source: SEC DEF 14A.
Executive Compensation Summary for POPULAR, INC.
Ignacio Alvarez Salary and Compensation - POPULAR, INC. CEO Pay 2024
In fiscal year 2024, Ignacio Alvarez, President and Chief Executive Officer of POPULAR, INC. (BPOP), received total compensation of $6.2 million.
Ignacio Alvarez's compensation breakdown includes: base salary of $1.1 million, bonus of $47K, stock awards valued at $3.5 million, non-equity incentive compensation of $1.4 million, and other compensation of $51K.
Compared to fiscal year 2023, Ignacio Alvarez's total compensation increased 7% from $5.8 million to $6.2 million.
POPULAR, INC. (BPOP) Executive Pay 2024
POPULAR, INC.'s top 6 named executive officers received combined total compensation of $15.1 million in fiscal year 2024.
The named executive officers disclosed in POPULAR, INC.'s 2024 proxy statement are:Ignacio Alvarez (President and Chief Executive Officer) with total compensation of $6.2 million, Javier D. Ferrer (Executive Vice President, Chief Operating Officer and Head of Business Strategy) with total compensation of $2.7 million, Lidio V. Soriano (Executive Vice President and Chief Risk Officer) with total compensation of $1.7 million, Jorge J. García (Executive Vice President and Chief Financial Officer(g)) with total compensation of $1.6 million, Manuel Chinea (Executive Vice President and Chief Operating Officer Popular Bank) with total compensation of $1.5 million, and Carlos J. Vázquez (Executive Vice President and Chief Financial Officer(h)) with total compensation of $1.3 million.