Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 57

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 57
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             |
|              |     | Performance Weight           |     | Threshold   
 Performance |     | Target      
 Performance |     | Maximum     
 Performance |
| Core ROAA    |     | 33.3%                        |     | 50%         |     | 100%        |     | 200%        |
| Core EPS     |     | 33.3%                        |     | 50%         |     | 100%        |     | 200%        |
| Relative TSR |     | 33.3%                        |     | 50%         |     | 100%        |     | 200%        |

The CNG Committee approved the goals to align the performance metrics with the Company's strategic plan and were set at a target level that was expected to enhance the franchise value of the Company and be challenging.

Since the 2024 annual PSU awards are not earned until the end of the three-year period in 2026, the specific goals for each of the performance measures are not provided at this time but will be disclosed in detail when performance is determined.

Similar to the 2024 incentive awards under the Executive Incentive Plan, in order to mitigate risk, the 2024 annual PSUs also contain a gating measure requiring that the Company and the Bank be “well-capitalized” under all regulatory definitions in order for grants to vest.

#### 52Banc of CaliforniaAnnual Proxy Statement2025
| Compensation Discussion and Analysis |

Stockholder Value Creation Award Equity Grant. In connection with the PacWest Merger, the CNG Committee, with consent of award holders, cancelled outstanding Stockholder Value Creation Awards granted in 2022 that would have partially vested in connection with the completion of the PacWest Merger. The CNG Committee determined that due to the limited time such awards were outstanding, the nature of the stock price-based performance metric, and the transformation of the Company post-merger, these awards no longer reflected achievement of meaningful stockholder value, as originally contemplated. The proxy rules do not permit us to reverse a previously reported grant date fair value in the 2022 row of the Summary Compensation Table (see page 58 ) despite the fact that none of our executive officers will receive any value associated with the 2022 awards.

On May 23, 2024, upon review and consideration of the combined Company's goals, the Board, following the recommendation of the CNG Committee, awarded a performance-based equity grant to members of the Bank's leadership team,