Company: BBVXF
Filing Date: 2025-02-21
Form Type: 20-F
Source: 0000842180-25-000010
Chunk: 232

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-21
Form: 20-F
Item: Item 6
Chunk 232
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 euros)         In shares        In cash (thousands of euros)   In shares      
                  Senior Management Total (3)                                            2023                                 576      98,636                                         —   —              
                                         2022                                             526                 125,129                           493                 122,566            
                                         2021                                             490                 119,207                           457                             116,528
                                         2020                                              56                  14,340                   1,494                       289,020            
                                         2019                                             314                  77,447                           303                  77,447            
                                         2018                                               —                                   —               139                  36,454            
                                        Total                                                                   1,963                 434,759                         2,885               642,015        
(1)Deferred remuneration to be paid after 2024 year-end, including the update of its cash portion. Payment thereof to members of Senior Management who are beneficiaries will take place in 2025 in accordance with the remuneration policies applicable in each financial year and the vesting and payment rules set forth therein applicable to each member of Senior Management, based on when they became such a member:
•2023 deferred annual variable remuneration: first payment of the deferred short-term incentive becomes payable. 
•2022 deferred annual variable remuneration: second payment becomes payable. 
•2021 deferred annual variable remuneration: third payment becomes payable, after having verified that no reduction is applicable based on the result of the multi-year performance indicators determined in 2021 by the Board of Directors. 
•2020 deferred annual variable remuneration: given the exceptional circumstances arising from the COVID-19 crisis, all members of Senior Management voluntarily waived the accrual of the whole of their annual variable remuneration for 2020 financial year. Without prejudice to the foregoing, a member of the Senior Management, who was an executive of BBVA USA Bancshares, Inc. (“BBVA USA”) at that moment, is entitled to the second payment of the deferred portion of a success bonus on the sale of BBVA USA.
•2019 deferred annual variable remuneration: third and last payment, becomes payable to the members of Senior Management who are beneficiaries. In addition, it includes the third and last payment of the Deferred Portion under a retention plan of a member of Senior Management.
(2)Deferred remuneration paid after 2023 year-end, including the update of its