DIRECTOR COMPENSATION ELECTION FORMRestricted Stock Unit Award Agreement • August 10th, 2020 • Popular Inc • State commercial banks • Puerto Rico
This Election Form is subject to all the terms and conditions of Popular, Inc.’s (the “Corporation”) 2020 Omnibus Incentive Plan, as amended (the “Plan”) and the Restricted Stock Unit Award Agreement (as applicable) executed by me and the Corporation in connection with this Election Form (the “Agreement”). I acknowledge that I have received the letter informing me of my compensation as a member of the Board of Directors of the Corporation (the “Board”) and/or certain of its wholly-owned subsidiaries commencing on [DATE] and continuing until such compensation is changed by the Board and that I agree with the terms set forth therein. Capitalized terms used in this Election Form but not defined herein shall have the meanings set forth in the Plan.
