Company: BBVXF
Filing Date: 2025-02-14
Form Type: 6-K
Source: 0001193125-25-027348
Chunk: 91

Company: BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Filing Date: 2025-02-14
Form: 6-K
Chunk 91
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 Report of BBVA .94.. of the information hereby reported, taking as a reference the average closing price of the BBVA share pertaining to the stock market sessions between December 15, 2024 and January 15, 2025, as they have not yet been delivered to their beneficiaries; the monetization of the shares delivered to non-executivedirectors who ceased to hold office on March 15, 2024, in application of the fixed remuneration system with deferred delivery of BBVA shares to non-executivedirectors approved by the General Meeting at the price on the date on which they were delivered; and (iii) the remuneration paid to the directors as remuneration in kind and the insurance premiums paid annually by the Bank associated with the commitments assumed with the executive directors to cover the contingencies of death and disability. Likewise, in accordance with the provisions of the Bylaws, the BBVA Directors’ Remuneration Policy and the contract entered into with the Chair, the Bank has assumed pension commitments in his favor to cover the contingency of retirement. The main features of this pension system are detailed in the BBVA Directors’ Remuneration Policy, and include, among others, the following: it is a defined contribution system; it does not provide for the possibility of receiving the retirement pension in advance; and it has been established that 15% of the agreed annual contribution qualifies as “discretionary pension benefits,” in accordance with the applicable legal requirements. Pursuant to the above, the amount of funds accumulated by current directors through long-term savings systems with non-vestedeconomic rights corresponds to the amount of the vested funds of the Chair as at 31 December 2024. In the case of the Chief Executive Officer, the Bank has no pension commitments. Instead, as indicated above, he receives an annual amount in cash (“cash in lieu of pension”), equivalent to 30% of his Annual Fixed Remuneration. The contributions recorded in 2024 to meet the commitments assumed with the Chair regarding retirement and the amount of funds accumulated by the Chair for long-term savings systems with non-vestedeconomic rights are shown in table iii) “Long-term savings systems” of section C.1 – “Details of individual compensation accrued by each of the directors” under section 5 (statistical appendix) of the Annual Report on the Remuneration of Directors for financial year 2024. All of these remuneration items are detailed, individually for each director, in Notes 54 and