Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 64

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 64
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 change in control.

For the purposes of these arrangements, a change in control was deemed to have occurred upon the completion of the PacWest Merger. The specific terms of these arrangements, as well as estimates of the compensation that would have been

#### 55Banc of CaliforniaAnnual Proxy Statement2025
| Compensation Discussion and Analysis |

payable had they been triggered as of December 31, 2024, are described in detail below under the Potential Payments Upon Termination of Employment or Change in Control section in this proxy statement .

Tax Impact. Section 162(m) of the Internal Revenue Code generally limits the deductibility of compensation paid to certain executive officers in excess of $1.0 million per officer in any taxable year, including our Chief Executive Officer, Chief Financial Officer, and other NEOs. While the Company’s ability to deduct compensation paid to our NEOs has been limited, our CNG Committee has—consistent with its past practice—continued to retain flexibility to design compensation programs that are in the best long-term interests of the Company and our stockholders, with deductibility of compensation being one of many considerations taken into account.

#### 56Banc of CaliforniaAnnual Proxy Statement2025

#### Report of the CNG Committee
The CNG Committee of the Company’s Board of Directors is comprised of the undersigned directors, each of whom is independent as independence is defined for compensation committee members under the NYSE Listed Company Manual. The CNG Committee’s responsibilities are defined in a written charter adopted by the Board of Directors.

The CNG Committee has reviewed and discussed the above Compensation Discussion and Analysis with management. Based on such review and discussions, the CNG Committee recommended to the Company’s Board of Directors that the Compensation Discussion and Analysis be included in this proxy statement.

COMPENSATION, NOMINATING AND CORPORATE GOVERNANCE COMMITTEE

Andrew Thau, Chair

Paul R. Burke

Mary A. Curran

John M. Eggemeyer

Shannon F. Eusey

Vania E. Schlogel

#### 57Banc of CaliforniaAnnual Proxy Statement2025

#### Summary Compensation Table
The following table sets forth information regarding the compensation paid to or earned by our NEOs for the years ended December 31, 2024, 2023, and 2022. For information regarding the employment agreements between the Company and certain of the NEOs, see Employment Agreements section in this proxy statement.

| Name and                                                                                         
 Principal Position                                                                               |     | Year |         |