Company: CVBF
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0000950170-25-051966
Chunk: 80

Company: CVB FINANCIAL CORP
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 80
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 net profit after tax was at least $180,000,000. The Compensation Committee set this supervening threshold for the payment of performance incentive awards under our 2024 Plans because the Committee believes that it is appropriate to make such awards contingent upon the Company’s earning sufficient profits to pay shareholder dividends at currently established levels and to continue to bolster retained capital at historical accretion rates. By comparison, this threshold level was set at $200,000,000 for the purposes of the Plans for 2023.

For 2024, the specific performance measures chosen by the Compensation Committee for our CEO and other continuing NEOs, and the percentage of each executive’s annual incentive opportunity attributable to each measure, are set forth in the table below. The Compensation Committee chose these performance measures because it believed these metrics were the best measures for judging the respective contributions of these officers to the overall business success of CVB Financial Corp. and Citizens Business Bank from an operational and shareholder value perspective for our 2024 fiscal year. Each performance measure received a weighting between 10% and 50%. In the case of all our NEOs, a high degree of weighting is assigned to the net profit after tax measure, because the Compensation Committee believes this measure best incentivizes current-year profitability, which in turn is a major component of shareholder value.

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<div align='center'>2024 TABLE OF PERFORMANCE MEASURES AND THE PERCENTAGE THAT EACH MEASURE IS OF A NAMED EXECUTIVE OFFICER’S TOTAL INCENTIVE AWARD OPPORTUNITY</div>

|                                                           |     | Brager                                                 |     | Nicholson |     | Farnsworth |     | Harvey |     | Wohl |
| Performance Measures                                      |     | Performance Measure Weighting as a Percentage of Total |     |           |     |            |     |        |     |      |
| Net Profit After Tax (CVB Financial Corp.)                |     | 50%                                                    |     | 50%       |     | 50%        |     | 50%    |     | 50%  |
| Average Demand Deposits(1)                                |     | 10%                                                    |     | 10%       |     | 0%         |     | 10%    |     | 0%   |
| Average Total Loans (Net)(2)                              |     | 10%                                                    |     | 10%       |     | 20%        |     | 10%    |     |