Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027343
Chunk: 42

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 42
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 each non-executive director in section C.1.a) iv), “Breakdown of other items”, of the CNMV Statistical appendix included as section 5 of this Report. This English version is a translation of the original in Spanish for information purposes only. In case of discrepancy the original in Spanish shall prevail.

Annual Report on the Remuneration of BBVA Directors 36 Pension system for the retirement contingency (€thousand) Annual contribution Funds accumulated as of 31/12/2024 Chair 456 26,893 Pursuant to the Policy, in financial year 2024, the annual contribution agreed to cover the contingency of the Chair’s retirement was €439 thousand, which represents 15% of the Chair’s Annual Fixed Remuneration. Meanwhile, in accordance with the Policy, 15% of the agreed annual contribution to the Chair’s retirement pension qualifies as “discretionary pension benefits” and is, therefore, linked to variable components and subject to the conditions and requirements relating to delivery in shares, retention and malus and clawback provided for this kind of remuneration in the applicable regulations. For this reason, of the annual pension contribution for financial year 2023 (€439 thousand), 15% (€66 thousand) was recorded as “discretionary pension benefits” (which was already reported by the Bank at 2023 year-end). Following the end of the 2023 financial year, this amount was adjusted in view of the result of the Chair’s 2023 STI, which resulted in an upward adjustment to the pension contribution to be made in 2024 of €17 thousand. In accordance with the above, an amount of €456 thousand was recorded in 2024. Likewise, in 2024 the Bank has paid the annual insurance premiums to cover the death and disability contingencies of executive directors: d) Other fixed allowances – 2024 The Chair received €41 thousand for vehicle rental and ADSL allowances. The Chief Executive Officer received a cash payment in lieu of pension (“cash in lieu of pension”) in the amount of €654 thousand and an annual mobility allowance in the amount of €600 thousand. These amounts are shown in section C.1. a) iii) “Savings schemes with non-vested economic rights”, of the CNMV Statistical appendix included as section 5 of this Report. Insurance premiums to cover the death and disability contingencies (€thousand) Chair 252 CEO 221 These amounts are refl ected in section C.1.