Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027343
Chunk: 63

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 63
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 2026 and 2027), was subject to the result of the multi-year performance indicators approved in 2021, such that if the thresholds set for each of them were not met, the amount of the outstanding 2021 Deferred AVR could be reduced, though never increased. Therefore, the amount of the outstanding 2021 Deferred AVR has been determined on the basis of the result of the aforementioned multi-year performance indicators, as detailed below, which has been calculated after the end of the third year of deferral (2024), over a measurement period of three years (2022-2024): With regard to the TSR indicator, which measures the evolution in the total shareholder return, its evolution has been compared with that of the peer group approved by the Board of Directors in 2022, included in Appendix 1, over the three-year period running from January 1, 2022 to December 31, 2024. BBVA has reached the 4th position and, therefore, in application of the threshold for no reduction established for this indicator in 2022 (i.e. being within the 7 first positions), the percentage of reduction is 0% 2021 Deferred AVR (long-term measurement period: 2022–2024) 2021 DAVR Multi-year performance indicators Solvency Liquidity Profi tability CET1 Fully Loaded LCR (Liquidity Coverage Ratio) ROTE (Return on Tangible Equity) TSR (Total Shareholder Return) Weighting 40% 20% 30% 10% Threshold for no reduction ?9.55% ?105% ?2.5% 1st-7th Result 12.73% 153% 17.2% 4th Position % reduction in 2021 DAVR 0% 0% 0% 0% 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 53 2021 Deferred AVR payable in 2025 (third payment—20% of the 2021 DAVR) Based on the results of the multi-year performance indicators for the 2021 Deferred AVR, as measured over the 2022-2024 period, it has been verified that no reduction should be applied to the outstanding amount of the 2021 Deferred AVR: (1) Third payment of the 2021 Deferred AVR for executive