RPOPULAR, INC. LONG-TERM EQUITY INCENTIVE AWARD AND AGREEMENT Granted: June 22, 2017 Recipient: Ignacio AlvarezAward Agreement • August 8th, 2017 • Popular Inc • State commercial banks • Puerto Rico
This award agreement (the “Award Agreement”), dated as of June 22, 2017 (the “Grant Date”) sets forth the terms and conditions of your Award. This Award is made under the Popular, Inc. 2004 Omnibus Incentive Plan, as amended (the “Plan”) and, except as otherwise provided herein, is subject to the terms of the Plan. Capitalized terms used but not otherwise defined in this Award Agreement have the meanings given in the Plan.
