Ignacio Alvarez
2018
In 2018, Ignacio Alvarez earned a total compensation of $4.4M as President and Chief Executive Officer at Popular, a 54% increase compared to previous year.
Compensation breakdown
| Bonus | $45,833 |
|---|---|
| Non-Equity Incentive Plan | $1,652,800 |
| Salary | $1,013,231 |
| Stock Awards | $1,665,000 |
| Other | $40,699 |
| Total | $4,417,563 |
Alvarez received $1.7M in stock awards, accounting for 38% of the total pay in 2018.
Alvarez also received $45.8K in bonus, $1.7M in non-equity incentive plan, $1M in salary and $40.7K in other compensation.
Rankings
In 2018, Ignacio Alvarez's compensation ranked 2,424th out of 14,244 executives tracked by ExecPay. In other words, Alvarez earned more than 83.0% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 2,424 out of 14,244 | 83rd |
Division Finance, Insurance, And Real Estate | 451 out of 2,994 | 85th |
Major group Depository Institutions | 82 out of 1,316 | 94th |
Industry group Commercial Banks | 72 out of 1,072 | 93rd |
Industry State Commercial Banks | 26 out of 708 | 96th |
Pay ratio
| Ignacio Alvarez's Pay | $4,417,563 |
|---|---|
| Median Employee's Pay | $36,443 |
| Pay Ratio | 121to 1 |
In 2018, the annual total compensation of Ignacio Alvarez was $4,417,563.
The annual total compensation of the median employee at Popular was $36,443.
The ratio of Ignacio Alvarez's pay to the pay of median employee was therefore 121 to one.
Source: SEC filing on March 20, 2019.
Alvarez's colleagues
We found four more compensation records of executives who worked with Ignacio Alvarez at Popular in 2018.