Common use of Performance Shares Vesting Clause in Contracts

Performance Shares Vesting. (Vesting Date: February 27, 2018): Dollar Value of Performance Shares Award: $ Grant Date: April 29, 2015 Common Stock Market Price as of closing on Grant Date: $ Total Target Number of Performance Shares: (#) Relative Total Shareholder Return (TSR)1 - Percentile Rank among Comparator Group # of Shares Earned Opening Price = $31.52 75th Percentile or above (1.5x target shares) Target Number of Performance Shares: 50th Percentile (1x target shares) 25th Percentile (0.5x target shares) Below 25th Percentile 0 Absolute Earnings Per Share (EPS)2 - Cumulative annual EPS 2015-2017 EPS Shares Earned (% of Target)

Appears in 1 contract

Sources: Long Term Equity Incentive Award Agreement (Popular Inc)

Performance Shares Vesting. (Performance Shares Vesting Date: February 2723, 20182021): Dollar Value of Performance Shares Award: $ Grant Date: April 29February 23, 2015 2018 Common Stock Market Price as of closing on Grant Date: $ Total Target Number of Performance Shares: (#50% Total Shareholder Return / 50% Earnings per Share) Relative Total Shareholder Return (TSR)1 - – Percentile Rank among Comparator Group # of Shares Earned (% of Target) Opening Price = $31.52 75th Percentile or above (maximum) (1.5x target shares) Target Number of Performance Shares: 50th 25th Percentile (1x target sharesthreshold) 25th Percentile (0.5x target shares) Below 25th Percentile 0 Absolute Earnings Per Share (EPS)2 - Cumulative annual EPS 2015-2017 – EPS Shares Earned (% of Target) Cumulative annual EPS 2018-2020 (maximum) (1.5x target shares)

Appears in 1 contract

Sources: Long Term Equity Incentive Award Agreement (Popular Inc)